Seattle Area Unemployment Drops, More Jobs Added

Let’s take another look at the Seattle area’s employment situation.

First up, year-over-year job growth, broken down into a few relevant sectors:

Seattle-Area YOY Job Gains / Losses

Construction continues to post bigger gains than other sectors—up 8.9% year-over-year in October, versus an overall gain of 3.6%. Manufacturing has slipped somewhat in recent months, but is still the second-best-performing sector.

Here’s a look at the overall Seattle area unemployment rate compared to the national rate:

Seattle-Area Unemployment Rate

Unemployment fell in Seattle and Washington State from September to October, while it inched up slightly nationally. The Seattle area is still outperforming Washington State and the nation as a whole, with October unemployment coming in at 7.9% for the US, 8.2% for Washington, and 7.3% for the Seattle area.

At this rate it wouldn’t be surprising to see the Seattle area get down to six percent unemployment by this time next year.


Seasonally adjusted series used for all data sets.

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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. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.