Crash Comparisons: Job Losses & Dow Jones

House Speaker Nancy Pelosi recently posted an alarming chart of job losses that has been making the rounds. What jumps out to me when I look at her chart is the fact that the y-axis shows raw number of jobs rather than a percentage loss, and therefore fails to account for the increased size of […]

Local Unemployment Up Again

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 […]

Local Unemployment On the Rise (Wait, Still?)

The last time we checked in on unemployment data for the Seattle area, local data was rapidly catching up to national stats, with statewide unemployment jumping from 4.7 percent in April to 5.3 percent in May, and Seattle-area unemployment bumping up seven-tenths of a percent to 4.1 percent. Well, it didn’t take long for Washington […]

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 […]

State Economy Continues to Slow

According to the latest data, it looks like the state economy is slowly catching up to the unwinding national economy. More than 3,000 jobs were lost in Washington last month, pushing the unemployment rate to 4.9 percent, up from a near record low of 4.5 percent in February, the Employment Security Department said Tuesday. The […]