A release by the Washington State Employment Security Department on May 26 shows unemployment rates across Washington State and Grant County skyrocketing.
The release shows April 2020 county-level employment figures and unemployment rates for Washington State’s 39 counties.
The April 2020 report of the Grant County Labor Area Summary (LAS) analyzes these current, not seasonally adjusted, nonfarm, employment and Civilian Labor Force (CLF) figures for Grant County, focusing on year-over-year, comparing April 2019 to 2020, and average annual trends.
The negative effects of COVID-19-related layoffs on the statewide and local economies became apparent with the release of these April 2020 data.
Grant County’s local unemployment rate averaged 6.4 percent in 2018, 6.9 percent in 2019, and jumped to 12.6 percent this April. Also, the local economy lost 2,190 nonfarm jobs (down 7.2 percent), falling from 30,570 jobs in April 2019 to 28,380 in April 2020.
Two local industries which were particularly hit hard this April by COVID-19 related layoffs were construction, and professional and business services, especially temporary employment services.
Civilian Labor Force (CLF) data show that Washington’s non seasonally adjusted average annual unemployment rate declined from 4.5 percent in 2018 to 4.3 percent in 2019. However, between April 2019 and 2020, the rate skyrocketed by 11.7 points, from 4.1 to 15.8 percent.