OLYMPIA, WA – Washington State’s economy gained an estimated 15,300 jobs (seasonally adjusted) in February. The Employment Security Department says job growth was highest in the following industries: professional & business services, education & health services, government, leisure & hospitality, and information.
The state’s monthly unemployment rate remained constant at 4.6% in February.
“The downward slide in hiring momentum that emerged late last year has stabilized,” according to Employment Security Department State Economist Paul Turek. “Payroll employment growth over the fourth quarter has been revised upward and strong job gains occurred these past two months.”
From ESD:
Visit ESD’s website to view the entire Monthly Employment Report for February.
ESD paid unemployment insurance benefits to 58,762 people in February, a decrease of 1,895 paid claims over the previous month. Decreases in paid claims within agriculture and accommodation & food services contributed to the overall decrease in paid claims over the month.
National unemployment rate
The national unemployment rate increased in February from 3.4% to 3.6%. For comparison, the national unemployment rate (revised) for February 2022 was 3.8%.
Updated state preliminary data for January 2023
- The preliminary estimated gain of 10,800 jobs for January 2023 was revised upwards to a gain of 12,700 jobs.
- The seasonally adjusted monthly unemployment rate was confirmed at 4.6%.
Labor force expands again in February
The state’s labor force in February numbered 4,036,300 – an increase of 13,400 people from the previous month.
In the Seattle/Bellevue/Everett region, the labor force increased by 1,800 over the same period.
Labor force is defined as the total number of people, both employed and unemployed, over the age of 16. Layoffs and labor force participation are not necessarily connected. When people are laid off but still seeking work, they remain a part of the labor force. A drop in the labor force means people have left work and haven’t been actively seeking employment for more than four weeks.
From February 2022 to February 2023, the state’s labor force increased by 54,500, while the Seattle/Bellevue/Everett region increased by 38,000.
From January to February, the number of people who were unemployed statewide increased from 184,400 to 186,200. In the Seattle/Bellevue/Everett region, the number of people who were unemployed decreased from 56,900 to 55,000 over the same period.
Private sector employment increased by 12,600 jobs while government employment increased by 2,700 jobs.
Of the industry sectors, in February:
- 10 expanded
- Three contracted
The professional & business services industry had the largest increase (+4,600) in jobs in February, compared with average monthly gains of 2,400 jobs over the prior six months. Within the industry, employment continued to trend up primarily in professional, scientific & technical services (+1,600) and in administrative & support services (+1,900).
The education & health services sector had the second largest increase (+4,500) in jobs in February. Within the industry, employment increased in health services & social assistance (+2,900) and in education services (+1,600).
Annual employment growth strong but moderating
Washington gained an estimated 125,000 jobs from February 2022 to February 2023, not seasonally adjusted. Private sector employment rose by 3.7%, up an estimated 106,700 jobs, while public sector employment rose by 3.3% — up an estimated 18,300 jobs.
From February 2022 – February 2023, 11 major industry sectors expanded and two contracted
The three industry sectors with the largest employment gains year over year, not seasonally adjusted, were:
- Leisure & hospitality, up 25,600 jobs.
- Professional & business services, up 25,400 jobs.
- Education & health services, up 21,700 jobs.
The industry sector with the largest employment losses year over year was retail trade, down 1,400 jobs.
Additional observations
- The labor force increased in February for the second straight month. This reverses a string of six straight months of labor force contraction during the second half of 2022.
- Most of the increase in the labor force in February was primarily due to an increase in workers gaining employment. In January, most of the increase in the labor force was due to a rise in the number of individuals classified as unemployed.
- The unemployment rate, though unchanged in February, rose to 4.6% from a historic low of 3.7% in September 2022.
- Although the number of job openings throughout the state are down from their peak, the labor market remains tighter than it was before the pandemic. There are still more total job openings than there are unemployed job seekers.
Table 1: Washington’s total jobs
*Revised from previous preliminary estimates. Preliminary monthly estimates for job losses or gains are based on a small Bureau of Labor Statistics payroll survey. Actual figures reported the following month are based on a more complete survey.
Table 2: Job gains and losses by industry
Labor market information
See more labor market information and tools, including interactive Tableau graphics, to highlight popular information and data.
WorkSource
Employment Security is a proud partner in the statewide WorkSource system, which provides employment and training assistance to job seekers and businesses. WorkSourceWA provides access to thousands of Washington jobs and other employment resources. WorkSource staff can connect job seekers with employers hiring right now in their community, identify training opportunities or help them brush up on application and interview skills. Job seekers and employers can find their nearest WorkSource center on the WorkSource office locator page.
