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February Unemployment

Posted on 26th March 2014 at 17:01

Even though the Federal numbers show that local employment held steady in February, some seasonal job losses led to a significant spike in the unemployment rate. Last month’s jobless rate jumped up to 10.2 percent, more than a percentage point higher than the 9.1 percent in January. Regional Economist Scott Bailey says that a jump like this is “almost unprecedented.” Still, he says that the overall job picture is brightening, with 1,400 net new jobs in Cowlitz County over the past 12 months. Statewide, the jobless rate also edged up, going from 6.9 percent in January to 7.3 percent in February.