Overall unemployment rate moved up to 5.8% with the biggest shift in Education & Healthcare, which lost 1,600 roles, based on the most recently available information published in March 2022.
Total employment in the Spokane-Spokane Valley, WA market declined by 4,257 jobs in January and the unemployment rate increased compared to the prior month by 190 bps to 5.8%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Spokane-Spokane Valley, WA unemployment rate is 137 bps above the national rate which is a negative sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 7.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.2%. Key sectors include:
- Education & Healthcare: 53,000; -1,600
- Transportation & Utilities: 52,500; -1,400
- Government: 40,400; -200
- Business Services: 28,000; +500
- Restaurants & Hotels: 23,700; +300
- Manufacturing: 17,200; no change
- Construction, Mining: 15,000; -800
- Financial Services: 14,200; no change
- Other Jobs: 9,200; no change
- IT & Development: 2,900; no change
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.