Job Gains Moderate in February as Unemployment Dips

Job Gains Moderate in February as Unemployment Dips

New local job stats came out this week, so let’s have a look at the Seattle area’s employment situation.

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

Seattle-Area YOY Job Gains / Losses

Construction growth fell off, dropping from an 8.2% year-over-year gain in January to just 5.4% in February, and the over ten percent gains we saw in that sector in the original December data was erased by revised data. With 6% year-over-year growth, the retail sector actually eclipsed construction as the fastest-growing in February.

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

Seattle-Area Unemployment Rate

Unemployment fell yet again in Seattle between January and February while it continued to flat-line nationally. Washington State’s unemployment is still below the national rate, while the Seattle area is still outperforming Washington State and the nation as a whole. February unemployment came in at 7.7% for the US, 7.5% for Washington, and 5.9% for the Seattle area.


Seasonally adjusted series used for all data sets.

About 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.

One comment:

  1. 1

    Unemployed Swept Under the Rug….We Don’t Count ’em Anymore After 6 Months of No Jobs

    By 2020 Seattle’s population to double?

    Where will they work? The Seattle/Bellevue/Tacoma Total Labor Force has been stagnant at about 1.9 million the last 4 years under Obama. See first graph from Obama’s BLS data base.

    We must ignore this scientific demography evidence…..after all, Japan’s and Australia’s zero growth population has helped their economies…America is different? Believe the foreign/corporate brainwashing…

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