OLYMPIA – Washington’s economy added 1,000 jobs in October and the state’s preliminary seasonally adjusted monthly unemployment rate for October decreased from 8.3 percent (adjusted) to 6.0 percent according to the Employment Security Department (ESD).
“The preliminary read on October payroll employment shows a very small increase once more,” said Paul Turek, economist for the department. “Upward revisions to the data in recent months show a stronger recovery, but renewed restrictions on business operations in response to mounting virus risk put the recovery in jeopardy.”
ESD released the preliminary job estimates from the federal Bureau of Labor Statistics as part of its Monthly Employment Report.
The department also announced that September’s previously reported unemployment rate of 8.4 percent was revised slightly downward to 8.3 percent. September’s preliminary estimated gain of 2,400 jobs was revised to a gain of 23,800 jobs.
The national unemployment rate decreased from 7.9 percent in September to 6.9 percent in October 2020. In October 2019, the national unemployment rate (revised) was 3.6 percent.
ESD paid unemployment insurance benefits to 453,798 people in October, a decrease of 99,489 over the previous month.
State labor force participation increases
The state’s labor force in October was 3,989,000– an increase of 60,700 people from the previous month. In the Seattle/Bellevue/Everett region, the labor force decreased by 12,900 over the same period.
From October 2019 through October 2020, the state’s labor force increased by 42,600 and the Seattle/Bellevue/Everett region decreased by 40,700.
The labor force is the total number of people, both employed and unemployed, over the age of 16.
From September 2020 to October 2020, the number of people who were unemployed statewide decreased from 326,000 to 238,600. In the Seattle/Bellevue/Everett region, the number of people who were unemployed decreased from 117,900 to 82,000 over the same period.
Seven industry sectors expanded, five sectors contracted and one was unchanged in October
Private sector employment increased by 14,100 jobs while government employment decreased by 13,100 jobs. Provided below is a summary of the job gains and losses in all thirteen industry sectors.