United States Congress Joint Economic Committee

Washington

November 2024

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October Employment Update
Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Washington Unemployment (U-3) 4.6% 4.6% 4.0%
U.S. Official Rate (U-3) 3.7% 3.7% 3.4%
U.S. "Real" Rate (U-6) 7.0% 7.1% 6.7%
Washington Labor Force Participation Rate 64.4% 64.3% 63.8%
U.S. Labor Force Participation Rate 62.6% 62.7% 62.7%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 3.4% 3.1% 6.5%
"Core" CPI Inflation 3.9% 4.0% 5.7%
National Gas/gal. Updated 11/21/24 12:00 AM $3.06 $3.18 $3.30
Washington Gas/gal. $3.98 $4.07 $4.43
West Region: Loaf of Bread $2.36 $2.25 $2.23
West Region: Milk/gal. $3.97 $3.97 $4.27
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2024 (3rd Estimate)
3.0%
WA Real GDP
Q2/2024
2.2%
S&P 500 (YTD)
0.29% Updated 1/16/24 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
WA Hourly Rate
$14.49
Last Generated: 11/21/24 10:05 AM