State economy gains estimated 5,400 jobs in October

Washington state’s economy gained an estimated 5,400 jobs (seasonally adjusted) in October, state officials said.

Job growth was high in several industries — leisure and hospitality, professional and business services, education and health services, government, transportation, warehousing and utilities, accounting for 10,800 jobs — while job loss was highest in the information industry, which lost 5,900 jobs.

Washington’s monthly unemployment rate rose slightly from 3.7-3.8 percent in October.

“October’s rise in payroll employment is positive news, even as employment growth begins to moderate,” said Paul Turek, the Employment Security Department’s (ESD) state economist.

“The demand for workers has been resilient.”

Clallam County’s unemployment rate for October was 4.7 percent — tied for eighth-highest among the state’s 39 counties.

ESD paid unemployment insurance benefits to 34,613 people in October, a decrease of 1,239 paid claims over the previous month. Decreases in paid claims within the educational services and administrative and support services contributed to the overall decrease in paid claims over the month.

The national unemployment rate increased in October from 3.5 percent to a preliminary rate of 3.7 percent; for comparison, the national unemployment rate (revised) for October 2021 was 4.6 percent.

The state’s labor force in October numbered 4,008,100 — a decrease of 3,900 people from the previous month. (Labor force is defined as the total number of people, both employed and unemployed, over the age of 16.)

From October 2021 to October 2022, the state’s labor force increased by 60,500.