By Donald Meseck, ESD’s regional labor economist serving Adams, Chelan, Douglas, Grant, Kittitas, Okanogan and Yakima counties.
Join Donald Meseck at the Yakima Convention Center at 11:30 a.m. on Monday, February 9, 2015 as he presents “Yakima County Economy – 2014 in Review” to the Greater Yakima Chamber of Commerce. Event details.
In Yakima County, preliminary data indicate that the average annual unemployment rate decreased one and one-tenths percentage points between 2013 and 2014, from 9.2 to 8.1 percent. However, the not seasonally adjusted unemployment rate rose four-tenths of a point in December 2014 to 10.8 percent, from 10.4 percent in December 2013 (as shown in Figure 1). Why? The number of unemployed residents grew more rapidly than the labor force, hence this four-tenths point year-over-year rise in the rate.
Figure 1: Yakima County unemployment rates, Jan. 2012-Dec. 2014 (not seasonally adjusted).