{"id":26764,"date":"2013-06-20T10:00:24","date_gmt":"2013-06-20T17:00:24","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=26764"},"modified":"2013-06-20T10:55:50","modified_gmt":"2013-06-20T17:55:50","slug":"seattle-area-adds-more-jobs-unemployment-dips-below-5","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2013\/06\/20\/seattle-area-adds-more-jobs-unemployment-dips-below-5\/","title":{"rendered":"Seattle-Area Adds More Jobs, Unemployment Dips Below 5%"},"content":{"rendered":"<p>New local job stats came out this week, so let&#8217;s have a look at the Seattle area&#8217;s employment situation.<\/p>\n<p>First up, year-over-year job growth, broken down into a few relevant sectors:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Seattle-Area YOY Job Gains \/ Losses\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/06\/Job-Growth_2013-05.png\" rel=\"lightbox[26764]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0;\" title=\"Seattle-Area YOY Job Gains \/ Losses - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/06\/Job-Growth_2013-05-600x436.png\" alt=\"Seattle-Area YOY Job Gains \/ Losses\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>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 sector was again the fastest-growing in May.<\/p>\n<p>Here&#8217;s a look at the overall Seattle area unemployment rate compared to the national rate:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Seattle-Area Unemployment Rate\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/06\/Unemployment_2013-05.png\" rel=\"lightbox[26764]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0;\" title=\"Seattle-Area Unemployment Rate - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/06\/Unemployment_2013-05-600x436.png\" alt=\"Seattle-Area Unemployment Rate\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Unemployment dipped below 5% in the Seattle area in May for the first time since late 2008.  Washington State unemployment dipped as well, falling below 7% for the first time since late 2008, but the national level inched up.  Washington State&#8217;s unemployment is still below the national rate, while the Seattle area continues to do much better than Washington State and the nation as a whole.  May unemployment came in at 7.6% for the US, 6.8% for Washington, and 4.7% for the Seattle area.<\/p>\n<div style=\"font-size:85%; border-top:3px solid #000000; padding-top:10px;\">Sources:<\/p>\n<ul style=\"margin:-15px 0 0 20px;\">\n<li>Seattle Job Levels: <a href=\"https:\/\/fortress.wa.gov\/esd\/employmentdata\/reports-publications\/economic-reports\/washington-employment-estimates\" title=\"WA Employment Security Department\">Washington State Employment Security Department<\/a><\/li>\n<li>Seattle &#038; Washington Unemployment: <a href=\"https:\/\/fortress.wa.gov\/esd\/employmentdata\/reports-publications\/regional-reports\/local-unemployment-statistics\" title=\"WA Employment Security Department\">Washington State Employment Security Department<\/a><\/li>\n<li>National Unemployment: <a href=\"http:\/\/www.bls.gov\/cps\/\" title=\"Bureau of Labor Statistics\">Bureau of Labor Statistics<\/a><\/li>\n<\/ul>\n<p>Seasonally adjusted series used for all data sets.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New local job stats came out this week, so let&#8217;s have a look at the Seattle area&#8217;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&#8230;<\/p>\n","protected":false},"author":2,"featured_media":26765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"On the blog: Seattle-Area Adds More Jobs, Unemployment Dips Below 5% http:\/\/wp.me\/pe2Bv-6XG","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616],"tags":[13,363,303],"coauthors":[],"class_list":["post-26764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-job_growth","tag-jobs","tag-unemployment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Seattle-Area Adds More Jobs, Unemployment Dips Below 5% \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2013\/06\/20\/seattle-area-adds-more-jobs-unemployment-dips-below-5\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Seattle-Area Adds More Jobs, Unemployment Dips Below 5% \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"New local job stats came out this week, so let&#8217;s have a look at the Seattle area&#8217;s employment situation. 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