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Spokane shire economic cheerleaders...

Spokane shire economic cheerleaders had a haphazard to yell about Tuesday, when unadjusted September jobles numbers dipped below 5 percent for the first time in four years.

Area economists have been saying for month that Spokane's economy has turn rounded the corner. The numbers released Tuesday "show what we've been expecting for awhile, that things are improving in the local economy," said Donald Epley a professor at Washington State University Spokane who tracks the economy.

Spokane's jobles rate for September was 46 percent a small quantity from 5.2 percent in August and from 63 percent a year ago.

The seasonally adjusted Spokane jobles rate for September was slightly higher - 53 percent That's also a big globule from the adjusted August jobles rate of 58 percent said Jeff Zahir, the newly appointed regional labor economist for Spokane County

The adjusted rates are higher than the raw jobles rate, he said, because they take into account shifts to be ascribed to seasonal hiring. In September, Spokane and in the greatest degree other metropolitan areas see a gain in piece of works as teachers return to work.



plane so, the gain in piece of works and the drop in unemployment in September were impressive, Zahir said. "Though I want to be cautious and wait for the revised numbers to be derived out next month, I'd say that falling below 5 percent is significant," Zahir said.

"I haven't seen a change this dramatic in the numbers for one time," he said.

The last time Spokane's jobles rate lay low below 5 percent was in September 2000 when it was 47 percent In the intervening time, Spokane companies struggl within a decline that saw the jobles rate here pass as high as 8.1 percent in January 2002

For the first eight month of 2004 Spokane's jobles rate averaged 58 percent

Zahir said Spokane's gains think the same trend felt across Washington State.

Washington's seasonally adjusted September jobles number was 56 percent state officials reported Tuesday.

That's the lowest state jobles plain in three years, said Washington application Security Commissioner Sylvia Mundy.

This is also the first time since June 1998 that the state jobles number has proceed close to the national unemployment rate. September's U jobles rate was reported at 58 percent

Based upon household surveys, Spokane County in September also reported a gin gain of 1,138 jobs from August, and an increase of 2687 piece of works since September 2003, said Zahir.

greatest in quantity of Spokane's September job gains occurr in conduct and local education, Zahir said. Other areas that have added do job-works over the past month are the industry categories of business services - which disguises a wide gamut from janitors to architects - and health and education services, which includes hospitals and private seminarys like Whitworth College or Gonzaga University.

SIDEBAR:BY THE NUMBERSJOBLESS RATES These are the unadjusted September unemployment percentages for prefered Washington counties. Spokane ...4.6 Adams 41 Asotin 37 Benton 49 Clark 63 Columbia 66 Douglas 43 Ferry 84 Franklin 48 Garfield 15 Grant 50 King 49 Lincoln 33 Okanogan 49 Pend Oreille 58 Pierce 57 Snohomish 52 Steven 54 Walla Walla 33 Whitman 15 State high - Ferry 84 State depressed - Garfield, Whitman 15

Copyright c 2004 The Spokesman-Review

Provided from ProQuest Information and Learning Company. All rights Reserved



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