Unemployment
Jobs report surprises as employers add 336,000 jobs in September
Employers continued their hiring streak in September, surprising economists by boosting jobs for workers in restaurants, health care, and government. The Bureau of Labor Statistics monthly jobs report, released Friday, showed a gain of 336,000 jobs. The unemployment rate held steady at 3.8%. The BLS also revised the jobs added in July and August from 157,000 […]
Job growth exceeds economists’ expectations as unemployment inches up
The labor market is stable and healthy, economists and policy experts say, although the unemployment rate ticked up in the month of August. The Bureau of Labor Statistics’ report released Friday showed that unemployment rose to 3.8% in August from 3.5% in July. Meanwhile, the economy added 187,000 jobs, above expectations of 170,000 jobs from economists polled […]
T-Mobile to lay off 400 Bellevue workers
T-Mobile will lay off about 400 Bellevue employees by the end of October, according to a notice filed with the state. The telecommunications company announced last week that it planned to lay off 7% of its overall staff – or about 5,000 jobs – because of increased costs and competition. A notice from the Washington […]
Economy adds more jobs in June even as hiring slows
Although hiring inched down in June, the U.S. labor market is still showing signs of strength, with unemployment falling and earnings continuing to rise, the latest jobs report from the U.S. Department of Labor showed. The economy added 209,000 jobs as the unemployment rate fell to 3.6% from 3.7% in May. “In excess of 200,000, you’re easily […]
Wage growth in WA slows, but average remains over $80k
The average annual wage for workers in Washington was $84,167 in 2022, up 2% from the previous year, according to the state Employment Security Department. That’s a lower growth rate than in previous years, likely due in part to cuts in the tech sector. Amazon, Microsoft, Salesforce, Meta and Google all announced significant layoffs in […]
More land jobs, fewer file for unemployment in May
Washington’s labor market is showing signs of gradual tightening as job opportunities and the number of workers willing to fill them move toward a balance. Employers added jobs in May, though less than in previous months. Meanwhile, the number of people seeking work climbed but the overall amount of openings fell. “Are there still ‘Help […]