This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wash. Unemployment Rate Drops To 8.2 Percent

RACHEL LA CORTE

OLYMPIA, Wash. (AP) â¿¿ Washington state's unemployment rate has dropped to 8.2 percent and the state netted a gain of 6,700 jobs, state officials said Thursday.

State officials said the drop from September's 8.5 percent rate was just a preliminary estimate and may be revised as more data comes in. But Joe Elling, chief labor economist for the Employment Security Department, said the "overall direction is positive."

The private sector added an estimated 9,600 jobs in October, while the government saw a loss of 2,900 jobs.

Industries that saw the strongest job gains last month included retail trade, professional and business services, financial activities, and construction. Besides government, the biggest losses were seen in leisure and hospitality, and wholesale trade.

Elling said the manufacturing industry has seen strong job growth since the end of the recession, especially in aerospace. The state's manufacturing industry has seen a net gain of about 31,000 jobs since February 2010, with more than half of them in aerospace, officials said.

Officials say about 286,000 people were unemployed and looking for work in the state in October, with more than 124,000 claiming unemployment benefits.

Nearly 3,600 unemployed workers ran out of unemployment benefits last month. A total of 115,947 people have exhausted their benefits since extended benefits were activated in July 2008.

Washington's jobless rate is still higher than the national rate, which was 7.9 percent last month.

___

Follow Rachel La Corte at http://www.twitter.com/RachelAPOly or http://www.facebook.com/news.rachel

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs