Benton and Franklin Counties: 2014 in review & 2015 outlook

Ajsa Suljic is Employment Security’s regional labor economist for Asotin, Benton, Columbia, Garfield, Franklin and Walla Walla counties.

Economic conditions for Benton and Franklin Counties in 2014 showed significant growth in nonfarm employment and improvement in the labor market.

Economic conditions are showing movement in business confidence for hiring, as well as, more workforce confidence to get hired.

The two county area total nonfarm payroll employment increased for 21 consecutive months, reaching a 5.1 percent growth in December, with unemployment rate at 8.8 percent, according to preliminary not seasonally adjusted estimates by the Bureau of Labor Statistics (BLS).

graph of nonfarm employment for Benton County

Click on the image to enlarge it.

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Washington’s labor market: The year in review

Paul Turek is Employment Security’s statewide labor economist.

The final hours of 2014 are rapidly ticking away, and as such, it is often customary to reflect on the past year as well as prepare for the New Year. It is with this thought that we turn our focus to the state’s labor market situation; how it fared in 2014 and what might lie ahead moving into 2015.

2014 is shaping up to be the best year in terms of monthly job growth for the century.

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