Article: Jobless rate hits new low; Seattle sizzles

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.

Link

I guess this explains the current strength in the housing market?

Comments

  • 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...
Sign In or Register to comment.