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Jobless Rate Headed in the Right Direction

By
Commercial Real Estate Agent with KW Commercial

An article in Vancouver's Columbian Newspaper recapped Clark County's Jobless Rate for April.  These numbers were provided by Scott Bailey, Regional Labor Economist for the Washington State Security Division.  Clark County added 500 new jobs which reflected an improvement in our over all jobless rate to 13.5% compared to 14.6% in March. We can compare April's 13.7% to a year ago when the jobless rate was 13.0%. 

While 500 new jobs is good news, we are cautioned that they are mostly identified as seasonal jobs like construction work, meaning that at the end of the summer, many will go away.  Seasonal or not, the fact that 500 people are back to work is cause for at least a smile.  The Clark County jobless claims saw a huge improvement from a year ago; 2,423 in April, down from 3,522 in 2009.  That is a 32% reduction in claims.  Again, another reason to wear a smile.  For the state of Washington, we saw the jobless rate move from 9.5% in March to 9.2% in April. 

Posted by

Joe Sosky is the Managing Director for KW Commercial in Vancouver, Washington, as well as a developer of NNN leased properties.  Give me a call if you have a client who may want to buy, sell or lease a Commercial or Investment property.  Each month we teach people how to become a Millionare Real Estate Investor.  Our Workshops are held in Downtown Vancouver on the 3rd Tuesday of each month!  Email info@jtsinvesting for more information!

Joe Sosky; Commercial Real Estate Associate Broker and Investment Specialist
KW Commercial
360-816-9652
joe@kwcommercial.com

 

Comments (3)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I thought we had high unemployment.  Glad to see that the unemployment is getting under control.

May 19, 2010 07:04 PM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

People don't seem to understand how bad we are having it right now here in the Pacific Northwest. Our unemployment numbers really have to start dropping before we can see a recovery.

May 19, 2010 07:10 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

It is good to see the economy going in the right direction.  I hope that it keeps going up.

May 19, 2010 07:33 PM