local real estate news, statistics, and commentary without the sales spin.
Jobs data for November was released this week, so let’s take an updated look at the Seattle area’s unemployment rate and approximate labor participation rate alongside the national numbers. In November the Seattle area’s unemployment rate broke a four-month streak of increases, dipping just slightly from 5.7% in October to 5.6% last month. We are…
Jobs data for October was released yesterday, so I thought I’d post a chart I’ve been working on that shows the Seattle area’s unemployment rate and approximate labor participation rate alongside the national numbers. As of October, the Seattle area’s unemployment rate has been on a four-month uptick, increasing from 4.7% in May and June…
New local job stats came out this week, so let’s have a look at the Seattle area’s employment situation. First up, year-over-year job growth, broken down into a few relevant sectors: Since things are getting really jumbled together lately on that chart, I broke down just the last year and zoomed in so you can…
New local job stats came out this week, so let’s have a look at the Seattle area’s employment situation. First up, year-over-year job growth, broken down into a few relevant sectors: Construction growth dipped again, and has fallen from a 10.2% year-over-year gain in January to 3.1% in May. With 5.7% year-over-year growth, the retail…
There was an interesting article in the New York Times last week that caught my attention: Homeownership May Actually Cause Unemployment Homeownership is a good thing, for the individual and for society. Or so American governments, whether Republican or Democrat, have long believed. The benefits have been cited repeatedly in justifying the existence and expansion…