LotsCap

Economy Profile

Jefferson County

  • Washington State
  • October, 2024
TSAC-CFD-53031

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 1375486
AVG Real Growth (2017-2022)
2.92 %
Unemployment Rate (May, 2024)
5.1 %
Labor Force Size
12684
Number of Businesses
1050
Average Annual Wage
$ 54936

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 1375486
GDP Per Capita
$ 41674
GDP Growth Rate (2022)
1.5 %
Average Growth Rate (2017-2022)
2.92 %
Goods Producing Contribution (%)
14.6%
Service Providing Contribution (%)
61.6%
Goverment Contribution
23.8%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
12684
Labor Force Growth
2.17%
Unemployment
649
Unemployment Rate
5.1%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
58.8%
Employment Rate (with Bachelor's Degree)
59.8%
Employment Rate (75+ y.o.)
6.6%
Employment Rate (Black)
32.5%
Employment Rate (Female)
60%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1050
Number of Employment
8961
Annual Average Wages
$ 54936
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 62332
Service-providing (avg pay)
$ 42179
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 64796
Household Income (Median)
$ 89660
Per Capita Income
$ 44289
Per Capita Income Growth (2010-2022)
55.2 %
Gini Index
0.4747*
Poverty Rate
13.8 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov