Monthly Employment Report

By: Kriss Sjoblom
12:28 pm
August 19, 2020

The state Employment Security Department released its Monthly Employment Report today. According to preliminary estimates from the federal Bureau of Labor Statistics (BLS), the state gained 44,500 jobs, net, seasonally adjusted (SA), from June to July. This estimate is based on BLS’s monthly survey of employers, which counts as employed all persons who received pay for any part of the pay period that includes the 12th day of the month. The estimate of May to June job growth was revised up to 140,600 from the 71,500 that was originally reported.

BLS estimates that the Seattle/Bellevue/Everett metro area (King and Snohomish counties, which account for a bit more than one-half of all jobs in the state) gained 21,800 jobs (SA) from June to July, while the rest of the state gained 22,700 (SA).

BLS estimates the seasonally adjusted unemployment rate for the state for July to be 10.3 percent, up from 10.0 percent (revised) in June. BLS unemployment rate estimates are based a monthly survey of households conducted for BLS by the Census Bureau. The reference period for this survey is the calendar week that includes the 12th day of the month.

For the Seattle metro area, the estimated July unemployment rate is 8.3 percent (SA) down from 9.7 percent (SA, revised) for June. For the rest of the state, the estimated July unemployment rate is 11.8 percent (SA), up from the unrevised June estimate, 10.3 percent (SA).

The full report is available here.

Categories: Economy.