State unemployment on track at 5.3 percent

OLYMPIA — Washington experienced modest job growth in July, resulting in a 5.3 percent unemployment rate for the month, on a preliminary, seasonally adjusted basis, according to estimates by the federal Bureau of Labor Statistics.

This tracks with the national rate of 5.3 percent — and is consistent with last month’s unemployment rate of 5.3 percent. Washington’s unemployment rate was 6.2 percent in July 2014.

The state Employment Security Department (ESD) estimates Washington gained 5,900 new nonfarm jobs on a seasonally adjusted basis from June to July with a gain of 7,000 new private sector jobs and a loss of 1,100 jobs in the public sector.

Eight sectors saw growth from June to July while four suffered losses and one remained unchanged. The top three industries with the largest gains, on a seasonally adjusted basis, were financial activities with 2,600 new jobs, retail trade with 1,700 new jobs, and leisure and hospitality with 1,500 new jobs.

Wholesale trade lost 1,800 jobs, government lost 1,000 jobs and education and health services lost 300 jobs.

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