It’s been a while since we had a look at local job growth data, and now is as good a time as any to take a look at the latest data. First up, year-over-year job growth, broken down into a few relevant sectors: Finance, real estate, and construction are all still shedding jobs, while overall…
Tag: unemployment
Big Picture Week: Unemployment and Foreclosures
To close out the week, let’s have a look at a couple of factors that are continuing to drag the local housing market down: unemployment and foreclosures. From 1990 through 2006, the average unemployment rate in King County was 4.9%. The unemployment rate is currently 8.0% (63% higher than the 1990-2006 average). Over that same…
Where the Jobs Are (and Aren’t), February 2010
Since February employment numbers were just recently released here in Washington State, let’s check in again on the jobs situation around Seattle, courtesy of data from the Washington State Employment Security Department. The style of most of these charts are stolen from the excellent San Diego housing reporter Rich Toscano. First up, here’s a two-year…
Local Unemployment Still Over Nine Percent
October unemployment info was released by the Washington State Employment Security Department this week, so here’s a shot of the Seattle area (King/Snohomish) unemployment rate (NSA) compared to the national U3 rate: According to their data, the Seattle area has shed 66,600 jobs in the last year, while adding 42,320 people to the labor force.
Job Loss Crash Comparison Update / Stimulus Rant
A reader wrote in requesting an update to this February post, in which I criticized Nancy Pelosi’s misleading chart of job losses. Here’s an update to the post-WWII job loss chart, courtesy of Calculated Risk, in which I’ve added a mark so you can see where the “stimulus” was passed. Wow, good thing we changed…