This Day On The Street
Continue to site right-arrow
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

April Unemployment Rate Drops In Washington

By RACHEL LA CORTE

OLYMPIA, Wash. (AP) â¿¿ Washington state's unemployment rate dropped to 7 percent in April, and the state added an estimated 3,800 jobs last month, according to numbers released Wednesday.

The state has now regained about 78 percent of the more than 200,000 jobs lost during the recession, officials with the state Employment Security Department said.

The state's unemployment rate has fallen by half a percentage point since the start of the year, with April's rate down from March's 7.3 percent. The state's jobless rate is now the lowest since December 2008, when it was at 7.1 percent.

The state "labor market is continuing to improve at a moderate but accelerating rate, somewhat faster than the nation," Scott Bailey, a labor economist for Employment Security, said in a written statement.

The national unemployment rate for April was 7.5 percent.

Since April 2012, when Washington state's unemployment rate was 8.4 percent, the state has gained a total of 67,200 jobs.

The latest figures show that economists significantly revised job loss numbers for March from an initial estimate of 5,500 down to 1,600 jobs.

Industries that saw the greatest job gains in April included retail trade, up 3,800 jobs; leisure and hospitality, up 1,600 jobs; and professional and business services, which gained 1,500 jobs.

Job losses were seen in education and health services, which lost 2,500 jobs; construction, down 1,100; and transportation, warehousing and utilities, which lost 500 jobs. Wholesale trade saw a decrease of 300 jobs.

Two different surveys are used to calculate unemployment figures and job losses. The unemployment rate represents the percentage of the labor force that's unemployed and actively looking for work. People who quit looking for work are not counted.

The job gains and losses estimates are based on a U.S. Bureau of Labor Statistics survey of businesses.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs