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Local Unemployment Up Again

Posted on September 17, 2008April 15, 2009 by The Tim

The local unemployment rate continues to rise sharply, according to the August data that was just released. As economic thunderstorms lash Wall Street and soak most of the rest of the country, Seattle and Washington state have managed to stay fairly dry. But beware: The skies are darkening quickly. Unemployment in Washington state took a…

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Seattle to Weather the Recession “Better than Most”?

Posted on September 16, 2008 by The Tim

Here’s a brief article from the Wall Street Journal that might be of interest: Weathering the Rain, And the Property Storm The troubles facing most Seattle-area landlords are more like a Puget Sound drizzle than the stormy skies swirling around markets such as Phoenix or Orange County, Calif. Certainly the economic turmoil buffeting the nation’s…

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Job Growth Turning to Losses, Rents Holding Steady

Posted on September 15, 2008 by The Tim

Here’s a pair of interesting articles from the Puget Sound Business Journal this weekend. Puget Sound job growth slowing to trickle The [Puget Sound] Economic Forecaster, published for the last 15 years and used by companies and governments across the region, is predicting the four-county region will add just 5,900 jobs in the third quarter…

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Poll: Investment Bank Blowups / Financial Market Meltdown

Posted on September 14, 2008September 22, 2008 by The Tim

Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 09.21.2008.

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Seattle-Area Foreclosures Rising Rapidly

Posted on September 12, 2008September 12, 2008 by The Tim

Right on schedule, as home price declines in Seattle really start in earnest, foreclosures begin to “soar.” Seattle-area foreclosures were up 54 percent in August from a year earlier, according to a new report. The area, defined as King and Snohomish counties, had 1,185 properties with foreclosure filings, up 15 percent from July, according to…

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