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May Unemployment

Posted on 26th June 2013 at 16:10

Unemployment in Cowlitz County bumped back up in May, rising to 10.2 percent, up from April’s rate of 9.8 percent. Scott Bailey from Employment Security says that nonfarm employment dropped by 100 jobs in the month of May, compared to a rise of 400 jobs in May of last year. Bailey says that Cowlitz County has lost a total of 600 jobs over the past 12 months, including 200 retail trade jobs, 100 jobs in health care and 100 jobs in the hospitality field. Bailey says that it’s possible that this might be a temporary downturn, but he says that the most likely scenario is a “no-growth” situation over the next few months. He does look at the sale of Longview Fibre Paper and Packaging to KapStone as a positive development, citing KapStone’s praise of the mill and the possibility of new investment. Statewide, the unemployment rate is at 6.8 percent, down from April’s rate of 7 percent, and well below the 8.4 percent in May of last year.