Posted by: Timothy Ellis (The Tim)

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

10 responses to “Seattle Area Unemployment Drops, More Jobs Added”

  1. Lo Ball Jones

    What’s the average salary looking like?

    Rate this comment: Thumb up 0

  2. gxar26

    It would be interesting to see other categories broken out. For example technology and health care.

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  3. siddharta

    Technology unemployment must be below 5% considering the hard times companies are having finding engineers.

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  4. johnberk

    I´m glad to hear this. But the chart speaks clearly. 8-9 % unemployment is way too big. Let´s see how Obama deals with this problem (I hope it won´t be this way).

    Anyway, things are pretty calm in Vancouver, we are doing a bit better with 7.4% rate for October and we are also experiencing a steady increase in the wages. I´m less happy with the October Market Report, which shows the prices of housing are dropping too slowly. I hope further price corrections will continue.

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  5. Jonness

    RE: siddharta @ 3 – I’d be surprised if it’s that high. Tim’s 6% overall by next year seems rather optimistic to me. But here’s to hoping.

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  6. Blurtman

    How be the labor force participation rate?

    From WA State ESD: “The survey does not count people who have stopped looking for work.”

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  7. redmondjp

    RE: siddharta @ 3 – And of course, let’s not mention the hundreds (or low thousands) of people that Microsoft quietly lets go every single year, due to their infernal grade-on-a-curve performance review system. Getting a 4 or (God forbid) a 5 is the modern-day scarlet letter that makes you poison to other MS managers who have job openings.

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  8. Chris

    That’s weird, the Seattle Times reported today that King County unemployment fell to 6.5% in October – I wonder why their number is so much lower than the 7.3% Tim uses.

    “Unemployment in King County fell to 6.5 percent in October, down from 6.9 percent the previous month, the state Department of Employment Security said Tuesday.”

    http://seattletimes.com/html/businesstechnology/2019722114_countyjobsxml.html

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  9. Kary L. Krismer

    RE: Chris @ 8 – Maybe “the Seattle area” is more than King County?

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  10. james78

    RE: siddharta @ 3

    LOL! that must be it. our kids these days, with $150k educations, just aren’t good enough.

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