(By Staff Reports/Chewelah Independent)
Unemployment rate drops by 2.5 percent in two months…
Unemployment in Stevens County has dropped dramatically in the past few months. The latest report from the Washington State Employment Security Department showed that the unemployment rate in the county dropped to 6.9 percent from the 9.4 percent rate reported in March.
For the state of Washington, the unemployment rate is 4.5 percent which is slightly above the national unemployment rate of 4.3 percent. The participation rate nationally is at 62 percent, down from 66 percent in May of 2007, according to the U.S. Bureau of Labor statistics. This suggests fewer people in the active work force.
The ESD reported that Washington gained 2,000 jobs in May.