The Tri-Cities unemployment rate dropped to 8.7% in July. But unlike the national labor market that created 1.8 million jobs, there were no local nonfarm job gains. Employers slashed 1,500 jobs from the June total. Employment dropped by almost 1,500… Read More ›
LABOR MARKET
Tri-Cities’ labor market picture darker than June’s unemployment report
By DON FENLEY The Tri-Cities economy added 4,300 jobs in June, and the unemployment rate dropped to 9.1%. On the surface, that sounds like good news. But it’s only a small part of the story. The Bureau of Labor Statistics’… Read More ›
Tri-Cities labor market begins clawing back job losses
The Tri-Cities economy began clawing back April’s massive job losses in May. It added about 2,100 nonfarm jobs and the unemployment rate dropped to 9.6%, according to preliminary non-seasonally adjusted Bureau of Labor Statistics data. May’s report also revised April’s… Read More ›
Tri-Cities suffers massive job losses – record high unemployment rate
The Tri-Cities labor market fell into a CORVID-19 blackhole in April. The region’s March-April job lost was over 18,000 jobs. Compared to April last year it was down 20,100. That’s more than during the entire Great Recession. At the same… Read More ›