Issuu on Google+

Washington Unemployment The US unemployment rate data reflects the sluggish job market. With presidential elections around the corner, slow improvement in the economy could be a deciding factor on the election results. The Bureau of Labor Statistics (BLS) household survey showed that the US unemployment rate rose 0.1 percentage points in May 2012 to 8.2%. The unemployment rate peaked in October 2009 at 10.0% and is now 1.8 percentage points lower. From a post peak low of 8.1% in April 2012, the unemployment rate has now risen by 0.1 percentage points. However, the unemployment rate has decreased by 0.8% taking into account year-over-year data from May 2011.

Now let’s look at the unemployment rate in the state of Washington. The Washington unemployment rate for May 2012 is at 8.3% a 1.0% decline since May 2011, which had an unemployment rate of 9.3%. In May 2012, the number of Washington unemployed persons was at 292,578. This is a month over month increase of 5,713 and a year over year decrease of 31,860. There is a significant improvement in the unemployment rate compared to last year. In the coming months, hopefully we can see unemployment rates fall across the country. Even more importantly, we hope to see an overall positive economic turn.


Washington Unemployment