Overall unemployment rate moved up to 4.5% with the biggest shift in Government, which lost 1,400 roles, based on the most recently available information published in September 2022.
Total employment in the Spokane-Spokane Valley, WA market declined by 106 jobs in August and the unemployment rate increased compared to the prior month by 80 bps to 4.5%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Spokane-Spokane Valley, WA unemployment rate is 71 bps above the national rate which is a negative sign.
- Unemployment in the market is 100 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 11.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.8%. Key sectors include:
- Education & Healthcare: 54,300; -1,000
- Transportation & Utilities: 52,600; -600
- Government: 38,400; -1,400
- Business Services: 29,500; +400
- Restaurants & Hotels: 26,400; +900
- Manufacturing: 18,400; -200
- Construction, Mining: 16,500; -100
- Financial Services: 14,600; -200
- Other Jobs: 9,700; no change
- IT & Development: 3,000; no change
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.