Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us

The top local business stories in your email

Contact Us:

Josh O'Connor
Phone: 425-339-3007

Maureen Bozlinski
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049

Jim Davis
Phone: 425-339-3097

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

February's jobless rate sneaks up a tick

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY  |  COMMENTS
By Kurt Batdorf
SCBJ Editor
Published: Tuesday, March 27, 2012, 1:03 p.m.
EVERETT — Snohomish County's unemployment rate edged up from 8.7 percent to 8.9 percent in February, the state Employment Security Department reported March 27.
But year over year, there was improvement. The unemployment rate was 10.5 percent in February 2011.
The aerospace sector, which has been the major driver in non-farm employment increases for 18 months in the county, added just 100 jobs from January to February. Local government services added 300 jobs, 200 of which were in education, said Anneliese Vance-Sherman, the regional labor economist with Employment Security. The professional, scientific and technical sector also added 300 jobs in February.
However, job losses in other sectors dragged down employment during February. The total of non-farm workers fell from 255,800 to 255,200, while total private employment fell from 218,700 to 217,800.
Total non-farm employment contracted between January and February, while the general trend over the course of 2011 was toward growth, Vance-Sherman said. Over the past three months, employment figures in Snohomish County have declined, but this is not necessarily uncommon in the first months of the year, due to seasonal employment fluctuations.
“It's always discouraging to see the minus signs” that represent job sector losses, she said. “There were pretty big declines in retail, but since it's seasonal, it's a continuation of holiday hiring trends.”
The retail sector lost 800 jobs in February, as did the trade, transportation and utilities sector, Employment Security reported.
Last month, labor market and nonfarm employment estimates underwent a benchmarking process, which revealed improved labor market conditions in the county, Vance-Sherman said.
Over the year, total non-farm employment in Snohomish County increased by 10,600, or 4.3 percent, Vance-Sherman said in her analysis of the county's labor data. The private sector has been responsible for job growth. The industry with the greatest employment gains was manufacturing, which added an estimated 6,800 jobs to the local economy, increasing payrolls by 12.3 percent between February 2011 and February 2012.
Manufacturing is continuing to grow, but the aerospace hiring frenzy has begun to taper off, she said.
Vance-Sherman was particularly happy with the construction employment numbers she's been seeing.
The construction industry has been hit harder during the recession than any other. Despite continuing over the month losses, over the year employment figures for the past couple months revealed that the industry grew between early 2011 and early 2012, she said. January and February 2012 mark the first year-over-year upticks since the start of the recession in 2008.
Growth was concentrated in the construction of buildings. It means that people in a position to build new homes and offices are starting to do so, which will help the economy move forward, she said.
“Construction looks like it's finally hit bottom,” she said. “That's huge. I'm really encouraged.”
Kurt Batdorf: 425-339-3102,



Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus

Market roundup