Mike Benbow reports from The Everett Herald. [Addition from The Tim] As noted in the forums, local construction equipment manufacturer Genie Industries is also laying off “120 full-time workers and an undisclosed number of temporary workers.” The P-I has the story. Genie employs roughly 3,000 people, making it the second-largest employer in Redmond. For what…
Tag: Economy
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Housing Slowdown Begins to Trash Local Economy
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 its…
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I finally said it. Twice. And loud enough to be overheard at the grocery strore.
I was out looking at commercial property and I ventured around Everett’s Silver Lake neighborhood where I bumped into a street (block and a half ) with five real estate signs, indicating five homes for sale. I pulled over and took a flier from a yard sign—a dated rambler, vacant with the yard a mess….