{"id":26965,"date":"2013-07-19T09:00:51","date_gmt":"2013-07-19T16:00:51","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=26965"},"modified":"2013-07-19T09:08:29","modified_gmt":"2013-07-19T16:08:29","slug":"seattle-monthly-job-growth-hits-13-year-high-in-june","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2013\/07\/19\/seattle-monthly-job-growth-hits-13-year-high-in-june\/","title":{"rendered":"Seattle Monthly Job Growth Hits 13-Year High in June"},"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\/07\/Job-Growth_2013-06.png\" rel=\"lightbox[26965]\"><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\/07\/Job-Growth_2013-06-600x436.png\" alt=\"Seattle-Area YOY Job Gains \/ Losses\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Since things are getting really jumbled together lately on that chart, I broke down just the last year and zoomed in so you can see what&#8217;s going on:<\/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\/07\/Job-Growth-zoom_2013-06.png\" rel=\"lightbox[26965]\"><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\/07\/Job-Growth-zoom_2013-06-600x436.png\" alt=\"Seattle-Area YOY Job Gains \/ Losses\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>With 4.7% year-over-year growth, the retail sector was again the fastest-growing in June.  Overall year-over-year growth increased from 2.5% in May to 2.8% in June.<\/p>\n<p>Surprisingly, even though the year-over-year growth is still relatively weak, the 17,100 jobs that were added between May and June (not adjusted for seasonality) is more than any month since March 2000.  Here&#8217;s what the raw monthly picture looks like over the last few years:<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Seattle-Area MOM Job Gains \/ Losses\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/07\/Job-Growth-MOM_2013-06.png\" rel=\"lightbox[26965]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0;\" title=\"Seattle-Area MOM Job Gains \/ Losses - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2013\/07\/Job-Growth-MOM_2013-06-600x436.png\" alt=\"Seattle-Area MOM Job Gains \/ Losses\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Next up, 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\/07\/Unemployment_2013-06.png\" rel=\"lightbox[26965]\"><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\/07\/Unemployment_2013-06-600x436.png\" alt=\"Seattle-Area Unemployment Rate\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Unemployment was flat at 4.7% in the Seattle area in June.  Washington State unemployment also leveled off, matching May&#8217;s 6.8% rate.  The national level was totally flat as well at 7.6%.<\/p>\n<p>By request, here&#8217;s a chart showing the national labor participation rate.  The unemployment rate is calculated by dividing the number of unemployed people by the &#8220;total labor force.&#8221;  The participation rate is the &#8220;total labor force&#8221; divided by the total population of people 16 and older.  Unfortunately monthly population estimates broken down by age don&#8217;t exist at a state or county level (or if they do I could not locate them).<\/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\/07\/Unemployment-Participation-Rate_2013-06.png\" rel=\"lightbox[26965]\"><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\/07\/Unemployment-Participation-Rate_2013-06-600x436.png\" alt=\"Seattle-Area Unemployment Rate\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>The national participation rate currently stands 2.5 points below where it was before the &#8220;great recession&#8221; began in late 2007, and has been mostly flat for a year.<\/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: Since things are getting really jumbled together lately on that chart, I broke down just the last year and zoomed in so you can&#8230;<\/p>\n","protected":false},"author":2,"featured_media":26970,"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 Monthly Job Growth Hits 13-Year High in June http:\/\/wp.me\/pe2Bv-70V","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-26965","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 Monthly Job Growth Hits 13-Year High in June \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\/07\/19\/seattle-monthly-job-growth-hits-13-year-high-in-june\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Seattle Monthly Job Growth Hits 13-Year High in June \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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