Construction Job Growth Slowly Moderating

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.


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.

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