Overall unemployment rate moved up to 4.5% with the biggest shift in Education & Healthcare, which lost 1,100 roles, based on the most recently available information published in August 2022.
Total employment in the Spokane-Spokane Valley, WA market declined by 1,944 jobs in June and the unemployment rate increased compared to the prior month by 30 bps to 4.5%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Spokane-Spokane Valley, WA unemployment rate is 66 bps above the national rate which is a negative sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 8.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Education & Healthcare: 54,500; -1,100
- Transportation & Utilities: 53,200; +300
- Government: 41,500; +200
- Business Services: 29,100; +400
- Restaurants & Hotels: 25,600; +700
- Manufacturing: 18,300; +300
- Construction, Mining: 16,500; +300
- Financial Services: 15,000; +400
- Other Jobs: 9,700; +100
- IT & Development: 3,000; +100
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.