Employment on the Rise

by | March 22, 2006

After lagging the rest of the nation in number of payroll employees during the recession, Washington and Oregon are leading the nation in job growth now. Economists often look at number of payroll employees versus the unemployment rate to gauge the health of the economy. Unemployment did increase from January to February but February had the largest growth in payroll workers Washington has seen in 8 years. Despite caution from the Office of Employment Security that the growth is no sustainable, it is good news for small businesses who are dependent on a strong local economy. Another important note is that a quarter of the new jobs in February were in the construction industry. Source: Seattle Times

Author: Michelle Bomberger, King County Business Lawyer