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Seattle Bubble Forum Archive • View topic - Article: Jobless rate hits new low; Seattle sizzles

Article: Jobless rate hits new low; Seattle sizzles

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Article: Jobless rate hits new low; Seattle sizzles

Postby EastSider » Wed May 16, 2007 6:13 am

The region's unemployment hasn't been this low in at least 24 years, ................................

But there's a lot of competition for those folks and other white-collar workers -- a key contributor to the local area's 3.8 percent unemployment rate in April. That's the lowest unemployment in the Seattle metro area -- defined as King and Snohomish counties -- since at least 1983, as far back as figures are available.

The statewide unemployment rate also fell to a record low last month, reaching 4.4 percent, the state Employment Security Department said Tuesday. That's its lowest point since the current unemployment statistics began in 1976.



I guess this explains the current strength in the housing market?
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Postby mike2 » Wed May 16, 2007 6:59 am

According to the article, in 6 years the Seattle area has added 37000 jobs. That's less than the total number of units issued building permits in King county in 2006 alone. Hmmm...
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