Overall unemployment rate moved up to 5.7% with the biggest shift in Education & Healthcare, which gained 2,400 roles, based on the most recently available information published in April 2022.
Total employment in the Spokane-Spokane Valley, WA market rose by 4,068 jobs in February and the unemployment rate increased compared to the prior month by 10 bps to 5.7%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Spokane-Spokane Valley, WA unemployment rate is 156 bps above the national rate which is a negative sign.
- Unemployment in the market is 130 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Education & Healthcare: 56,500; +2,400
- Transportation & Utilities: 52,800; +100
- Government: 40,500; +100
- Business Services: 28,100; +200
- Restaurants & Hotels: 23,500; -100
- Manufacturing: 17,500; +300
- Construction, Mining: 15,300; +100
- Financial Services: 14,400; +200
- Other Jobs: 9,300; +200
- IT & Development: 2,900; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.