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Construction Job Growth Slowly Moderating

Posted on May 22, 2014May 22, 2014 by The Tim

It’s been a few months since we had a look at the breakdown of what sectors are adding jobs locally and what sectors are losing jobs.

First up, year-over-year job growth, broken down into a few relevant sectors over the past four years.

Seattle-Area YOY Job Gains / Losses

Now here’s a zoomed in view so you can see what’s going on lately:

Seattle-Area YOY Job Gains / Losses

With 7.7 percent year-over-year growth in April, the construction sector was the fastest-growing sector in the Seattle area. However, growth in construction is moderating: Year-over-year additions of jobs in construction peaked at 10.9 percent in February of last year and has been steadily declining since.

Every sector we look at is actually gaining jobs in the Seattle area now, with manufacturing flipping just slightly into the black in April.

Overall year-over-year job growth for the Seattle area has been holding steady around 3 percent for a year and a half.

Source

  • Seattle Job Levels: Washington State Employment Security Department

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Retail Jobs Gained, Manufacturing Slipped in December
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Real Estate Job Growth Slows to Near-Zero

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