State’s economy continues to add jobs

OLYMPIA – Washington’s economy added 4,100 jobs in June and the state’s seasonally adjusted monthly unemployment rate for June was 4.7 percent according to the Employment Security Department. The June unemployment rate was unchanged from May 2018 unemployment rate of 4.7 percent.

“Payroll growth slowed a bit in June compared with last May,” said Paul Turek, economist for the department. “What’s positive is that the consecutive string of jobs added per month continues and is scheduled to reach six years next month.”

The Employment Security Department released the preliminary job estimates from the federal Bureau of Labor Statistics as part of its Monthly Employment Report. The department also announced that May’s previously reported unemployment rate of 4.8 percent was slightly lower at 4.7 percent. Job gains in May were revised upward from 8,500 to 8,700 jobs.

The state’s labor force in June was 3,760,500 — an increase of 100 people from the previous month.

From June 2017 through June 2018, the state’s labor force grew by 38,800. The labor force is the total number of people, both employed and unemployed, over the age of 16.

Private sector employment increased by 4,800 while the public sector lost 700 jobs in June.

This month’s report shows the greatest private job growth occurred in professional and business services up 3,800, information up 1,000, and transportation, warehousing and utilities up 900. Other sectors adding jobs were education and health services up 600, wholesale trade and manufacturing both up 300, retail trade and leisure and hospitality both up 200, and other services up 100.

Construction experienced the biggest reduction in June losing 2,200 jobs while government lost 700 jobs, financial activities lost 300 jobs and mining and logging lost 100 jobs.

Washington added an estimated 83,500 new jobs from June 2017 through June 2018, not seasonally adjusted. The private sector grew by 2.9 percent, up an estimated 80,500 jobs, and the public sector increased by 0.5 percent, adding 3,000 jobs.