What Do Unemployment and Jobs Have to Do With Each Other?

Despite the PSBJ headline, "Washington unemployment rate rises to 9.3 percent," there's been no substantial change in unemployment. January's unemployment splits the difference between December's estimated percentage (9.5) and revised downward final (9.2).

What's slightly confusing is that the state claims to have added over 12,000 jobs in January. The Tacoma News Tribune says "job gains occurred in retail trade, educational and health services, leisure and hospitality, professional and business services, manufacturing and aerospace and parts manufacturing."

That would be three percent of the approximately 395,000 Washingtonians who are unemployed.

Statements were issued: "This is a positive sign for Washington state," said Gov. Chris Gregoire. "It’s encouraging to see jobs finally coming back," said ESD Commissioner Karen Lee. No one addressed the question of how 12,000 new hires would completely fail to impact unemployment. It's as if the two measurements had been somehow decoupled for the benefit of political press releases.