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Employment Report

Employment Report

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Published by John Cook

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Published by: John Cook on Jul 18, 2012
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 Washington StateEmployment Security Department
Labor Market and Economic AnalysisJuly 2012
On a seasonally adjusted basis, preliminary estimates from thefederal Bureau of Labor Statistics (BLS) indicate that Washingtonadded 10,200 jobs from May to June 2012. BLS estimates theprivate sector added 12,000 jobs over the month and the publicsector lost 1,800 jobs.BLS estimates from June 2011 to June 2012 show a total jobgain of 58,400 for the state. Over the year, the private sectoradded an estimated 64,800 jobs, while the public sector lost anestimated 6,300 jobs. Washington’s preliminary seasonally adjusted unemployment
rate for June 2012 remained at at 8.3 percent. The estimated
May 2012 unemployment rate of 8.3 percent remained
unchanged. The June 2011 rate was 9.3 percent.
BLS estimates of monthly job gains and losses are based on asurvey of businesses. Preliminary estimates are subject to revision.
 June 2012 jobs revisions: May’s preliminary estimated gain of 11,700 jobs was revised to a gain of 11,800 jobs. Sectors with thebiggest positive revisions were: government (1,500 jobs higher),other services (700 jobs higher), education and health services(400 jobs higher) and retail trade (300 jobs higher). Sectors withthe largest downward revisions were professional and business
services (1,000 jobs lower), construction (900 jobs lower) and
transportation, warehousing and utilities (700 jobs lower).
For more information, call Mark Berreth at 509-665-3737.
Employment estimates inthis report are generatedby the U.S. Bureau of Labor Statistics (BLS).
Due to changes in the meth-od BLS uses to produce thesedata, we expect increased volatility in the estimates.
BLS data in this report arerounded to the nearest 100.
Monthly Employment Report
for June 2012
Resident civilian labor force and unemployment, seasonally adjusted
resident civilian labor force
 is the total number of people inthe work force, employed andunemployed, ages 16 and up.
The number of 
isthe estimated number of people who currently do not have a job,are available for work and haveactively looked for work in thelast four weeks.
unemployment rate
is theratio of the estimated numberof unemployed divided by thecivilian labor force.
JuneMayJuneMay2012201220112011(Preliminary)(Revised)(Revised)(Revised)United States
Unemployment rate8.2%8.2%9.1%9.0%
Unemployment rate8.3%8.3%9.3%9.3%Resident labor force3,525,2003,521,5003,477,6003,480,000Unemployed293,200292,900324,000324,400
Unemployment rate7.2%7.2%8.6%8.6%Resident labor force1,506,8001,499,0001,487,7001,485,000Unemployed107,800107,200127,400127,600
Monthly Employment Report for June 2012
    J   u   n  -    1    0    S   e   p  -    1    0    D   e   c  -    1    0    M   a   r  -    1    1    J   u   n  -    1    1    S   e   p  -    1    1    D   e   c  -    1    1    M   a   r  -    1    2    J   u   n  -    1    2    C    h   a   n   g   e    i   n   e   m   p    l   o   y   m   e   n    t
Monthly change 3-month average
Employment change and moving average, seasonally adjusted
Monthly employment change and three-month moving average,seasonally adjustedWashington state, June 2010 through June 2012Source: Employment Security Dept./LMEA; U.S. Bureau of Labor Statistics
Based on BLS estimates, Washington state gained 10,200jobs from May 2012 to June 2012and added 58,500 jobs from June2011 to June 2012. 
Recent employment change
 April 2012:Up 500 jobs (revised)May 2012:Up 11,800 jobs (revised) June 2012:Up 10,200 jobs (preliminary)
Unemployment, seasonally adjusted
The BLS estimates Washington’s
preliminary seasonally adjustedunemployment rate for June 2012
 was 8.3 percent. The preliminary 
May unemployment rate of 8.3percent remained unchanged. According to BLS estimates,the number of jobless people who were actively seeking work increased by about 300. At the same time, the numberof employed workers rose by an estimated 3,400. Overall, thisamounted to an increase of 3,700 people in the labor force.
The preliminary June 2012
unemployment rate is 1percentage point below the
 June 2011 rate of 9.3 percent.
U.S., Washington and Seattle unemployment rates, seasonally adjustedJune 2007 through June 2012Source: U.S. Bureau of Labor Statistics
 June 2012 preliminary unemployment rates
:U.S. (preliminary): 8.2% Washington (preliminary): 8.3%Seattle area (preliminary): 7.2%
    J   u   n  -    0    7    D   e   c  -    0    7    J   u   n  -    0    8    D   e   c  -    0    8    J   u   n  -    0    9    D   e   c  -    0    9    J   u   n  -    1    0    D   e   c  -    1    0    J   u   n  -    1    1    D   e   c  -    1    1    J   u   n  -    1    2    U   n   e   m   p    l   o   y   m   e   n    t   r   a    t   e
Monthly Employment Report for June 2012
Employment and the unemployment since the start of the recession, seasonally adjusted
Nonfarm employment and unemployment since the start of the recession,seasonally adjustedWashington state, March 2008 through June 2012Source: U.S. Bureau of Labor Statistics
February 2008 (start of recentemployment recession in Washington state)
Nonfarm employment: 2,975,700
Unemployment rate: 4.6%
February 2010 (end of recentemployment recession in Washington state)
Nonfarm employment: 2,769,700
Unemployment rate: 10.2%
 June 2012 (preliminary)
Nonfarm employment: 2,881,100Unemployment rate: 8.3%
    M   a   r  -    0    8    J   u   n  -    0    8    S   e   p  -    0    8    D   e   c  -    0    8    M   a   r  -    0    9    J   u   n  -    0    9    S   e   p  -    0    9    D   e   c  -    0    9    M   a   r  -    1    0    J   u   n  -    1    0    S   e   p  -    1    0    D   e   c  -    1    0    M   a   r  -    1    1    J   u   n  -    1    1    S   e   p  -    1    1    D   e   c  -    1    1    M   a   r  -    1    2    J   u   n  -    1    2    U   n   e   m   p    l   o   y   m   e   n    t   r   a    t   e    N   o   n    f   a   r   m    e   m   p    l   o   y   m   e   n    t
Nonfarm employmentUnemployment rate

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