Overall unemployment rate moved up to 6.4% with the biggest shift in Education & Healthcare, which lost 1,400 roles, based on the most recently available information published in March 2023.
Total employment in the Spokane-Spokane Valley, WA market declined by 3,020 jobs in January and the unemployment rate increased compared to the prior month by 90 bps to 6.4%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Spokane-Spokane Valley, WA unemployment rate is 254 bps above the national rate which is a negative sign.
- Unemployment in the market is 80 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 6.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.1%. Key sectors include:
- Education & Healthcare: 54,300; -1,400
- Transportation & Utilities: 50,500; -1,200
- Government: 41,700; -300
- Business Services: 30,500; +700
- Restaurants & Hotels: 24,600; -300
- Manufacturing: 17,800; no change
- Construction, Mining: 15,700; -600
- Financial Services: 15,200; +300
- Other Jobs: 9,700; no change
- IT & Development: 2,800; -100
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.