OLYMPIA, Wash. (AP) — Washington state is preparing to release its latest unemployment numbers, and officials hope the statistics show a revival in job growth.
The June figures to be released Wednesday morning by the Employment Security Commission come after May’s report indicated that eight consecutive months of employment growth had stalled. May’s jobless rate stood at 9.1 percent.
Washington’s seasonally-adjusted jobless rate hasn’t been at 9 percent or below in more than two years and has trended as high as 10 percent.
Economic forecasters are worried that gas prices, the financial crisis in Europe and an economic slowdown in China may hamper the state’s job growth.