Washington State’s Unemployment Rate Drops to 6.6 percent, Lowest in 5 years

Washington State’s Unemployment Rate Drops to 6.6 percent, Lowest in 5 years

A growing number of jobs created in conjunction with an increase in the workforce have given confidence about the future of Washington Stat’s economy. The Employment Security Department announced that the unemployment rate was an estimated 6.6 percent in December 2013. This marks for the first time the number dropping this low since November 2008. Over the past year, job gains were primarily taken place in professional and business services, where 2,900 new jobs were created, mostly in temporary agencies. Private education and health services industry added 2000 jobs while other services in a catch –all category increased by 1400 jobs. Wholesale trade went up by 1,300, construction by 800, leisure and hospitality by 600, and mining and logging by 100. On the other hand, state agencies, public colleges, food processing, information and retail trade, transportation, warehousing and utilities sectors experienced a fair amount of job losses in 2013.  Slowly but surely, the economy is continuing its slow recovery in Washington state and certainly heading in a positive direction.

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