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Construction and Real Estate Still Shedding Jobs

Posted on November 18, 2011 by The Tim

It’s been a while since we had a look at local job growth data, so let’s update those charts.

First up, year-over-year job growth, broken down into a few relevant sectors:

Seattle-Area YOY Job Gains / Losses

Finance, real estate, and construction are all still shedding jobs, despite a slight year-over-year uptick in overall employment data, which seems to be bouyed by an especially strong showing in the manufacturing sector—up 7.4% from October 2010.

Here’s a look at the overall Seattle area unemployment rate compared to the national rate:

Seattle-Area Unemployment Rate

Trending down slowly, along with the national rate. Nationally, the number of jobs is still roughly five percent lower than it was at the start of the recession nearly four years ago.

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Seattle Sees Job Growth, But Not in Real Estate Sectors
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Big Picture 2011: Unemployment and Foreclosures

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