Overall unemployment rate moved down to 4.2% with the biggest shift in Business Services, which gained 700 roles, based on the most recently available information published in June 2022.
Total employment in the Spokane-Spokane Valley, WA market declined by 329 jobs in May and the unemployment rate decreased compared to the prior month by 10 bps to 4.2%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Spokane-Spokane Valley, WA unemployment rate is 82 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 May versus prior month by 8.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Education & Healthcare: 55,800; +100
- Transportation & Utilities: 53,000; +300
- Government: 41,200; +300
- Business Services: 28,900; +700
- Restaurants & Hotels: 24,900; +600
- Manufacturing: 18,100; +400
- Construction, Mining: 16,300; +300
- Financial Services: 14,600; -400
- Other Jobs: 9,600; +100
- IT & Development: 2,900; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.