Overall unemployment rate moved up to 3.9% with the biggest shift in Restaurants & Hotels, which lost 700 roles, based on the most recently available information published in December 2022.
Total employment in the Spokane-Spokane Valley, WA market rose by 2,292 jobs in October and the unemployment rate increased compared to the prior month by 10 bps to 3.9%. The national unemployment rate increased by 8 bps over the same time to 3.4%.
- Spokane-Spokane Valley, WA unemployment rate is 50 bps above the national rate which is a negative sign.
- Unemployment in the market is 30 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 9.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Education & Healthcare: 55,300; +300
- Transportation & Utilities: 52,900; +200
- Government: 40,700; +600
- Business Services: 29,700; -300
- Restaurants & Hotels: 25,400; -700
- Manufacturing: 18,400; -200
- Construction, Mining: 16,400; no change
- Financial Services: 14,600; +100
Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.