Seattle Bubble

The last time we checked in on unemployment data for the Seattle area, local data was rapidly catching up to national stats, with statewide unemployment jumping from 4.7 percent in April to 5.3 percent in May, and Seattle-area unemployment bumping up seven-tenths of a percent to 4.1 percent.
Well, it didn’t take long for Washington to [...]

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It looks like the housing bust may have finally caught up to us up here in the Northwest. According to the latest data from the Employment Security Department, unemployment in the Seattle metro area jumped 7/10 of a point last month alone. Here’s an excerpt from the Seattle Times:
Unemployment in Washington state took [...]

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According to the latest data, it looks like the state economy is slowly catching up to the unwinding national economy.
More than 3,000 jobs were lost in Washington last month, pushing the unemployment rate to 4.9 percent, up from a near record low of 4.5 percent in February, the Employment Security Department said Tuesday.
The change is [...]

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Here’s the latest on the state economy. Everything’s coming up roses, it would seem.
Washington continued to defy the multiple drags on the U.S. economy in February, as state payrolls added 3,500 jobs and the unemployment rate held steady at 4.5 percent.
“We’re really different from the national economy at this point,” said Evelina Tainer, the [...]

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This poll will be active and displayed on the sidebar through 03.08.2008.

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Since I was on KING 5 News last night and KOMO 1000 radio this morning*, I thought it would be good to write up a slightly more detailed post aimed at answering the question: “What is Seattle Bubble about?” So, here’s a summary of the important points.
The Bottom Line: Now is not a good [...]

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