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Article: Washington State: slower economy begins to bite.
- Article from:
- PR Newswire
- Article date:
- December 4, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON STATE: SLOWER ECONOMY BEGINS TO BITE
OLYMPIC, Wash., Dec. 4 /PRNewswire/ -- Washington's labor force felt the impact of a slowed economy as the unemployment rate climbed from 4.3 percent in September to 4.6 percent in October, according to Employment Security Acting Commissioner Israel David Mendoza.
"Normally October's unemployment rate is the low for the year," Mendoza said. "This sudden shift is the first hint that higher oil prices and a weakened national economy may be beginning to bite."
October's rate was the lowest for that month since 1968 and continued to be significantly below last year's 5.5 percent and the ...