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 Unchanged At 7.5 Percent

By RACHEL LA CORTE

OLYMPIA, Wash. (AP) â¿¿ Washington gained 4,000 jobs in February and unemployment rate remained unchanged at 7.5 percent, new numbers released Wednesday show.

Economists with the state Employment Security Department said that overall, the state has added about 65,000 jobs over the past year, regaining about 70 percent of the more than 200,000 jobs lost during the recession.

"February was relatively uneventful," department economist Anneliese Vance-Sherman said in a prepared news release. "The job growth was close to the monthly average for the past year, with no big surprises."

The unemployment rate in Washington state in February 2012 was 8.4 percent.

Industries that saw the most growth included education and health services, up 3,000 jobs, manufacturing, up 2,900 and professional and business services, which gained 1,200 jobs.

Construction saw a loss of 3,600 jobs, leisure and hospitality, was down 1,100 and transportation, warehousing and utilities lost 400.

Earlier this month, state economists reported that new numbers showed the state gained 24,100 jobs for the month of January, a number they expected would later be revised down. But Wednesday's report revised that number up to 24,200 jobs.

The national unemployment rate for February was 7.7 percent.

An estimated 259,100 people in Washington were unemployed and looking for work in February, including nearly 140,000 who claimed unemployment benefits.

More than 3,300 unemployed workers ran out of unemployment benefits last month. A total of 132,165 people have exhausted their benefits since extended benefits were activated in July 2008.

___

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 This material may not be published, broadcast, rewritten or redistributed.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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs