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NORTHRIM NEWS

Unemployment Rate Remains at 6.7 Percent in June

According to preliminary Federal Department of Labor estimates, June was actually a good month and Alaska employment was 0.4% higher than June of 2015. June of 2016 had 359,400 jobs (rounded) vs. 358,200 at June of last year. The best estimate we have at this time for 2016 would be to average the employment numbers for January to June and then compare that to the average of the first six months of 2015. January, February and June had more jobs in 2016 and March, April and May were stronger in 2015. The six month average of jobs was 335,350 in 2015 and 334,917 in 2016. This is an average of 433 few jobs this year or 0.1% less. With statistical revision coming on the preliminary data it is basically saying flat employment with no change on a 6 month average compared to the first half of last year.





 

 

Investment and insurance products are:
Not insured by the FDIC or any other federal government agency.
Not a deposit of or guaranteed by Northrim Bank.
May lose value.


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