MOSES LAKE - New unemployment numbers show that the Wenatchee Valley appears to have an economic ‘micro-climate’ in comparison to its neighboring counterparts in eastern Washington.
Unemployment during the month of July was 4% between Chelan (3.7%) and Douglas (4.6%) counties. However, it’s still an .8% uptick from 2018. In Grant County, 5.6% of the area is out of work, a .4% bump from last year.
In non-farm employment for Chelan and Douglas counties, there was a 300-job jump in government employment but declines in retail trade and transportation year-over-year. In Grant County, manufacturing jobs took a hit year-over-year along with transportation and manufacturing. However, construction, leisure and hospitality as well as health services are on the rise in contrast to 2018.
Other eastern Washington counties that border the three county area had jobless rates above 5%. With the steady increase in unemployment over the last three years, hysteria grows about a looming recession.
According to Forbes, economists say they can’t predict when a recession will happen, but they do say that ending America’s trade war with China will soothe recession fears.