{"id":28558,"date":"2014-04-03T11:00:45","date_gmt":"2014-04-03T18:00:45","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=28558"},"modified":"2014-04-03T12:20:47","modified_gmt":"2014-04-03T19:20:47","slug":"seattle-area-unemployment-at-late-2008-levels","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/04\/03\/seattle-area-unemployment-at-late-2008-levels\/","title":{"rendered":"Seattle-Area Unemployment at Late 2008 Levels"},"content":{"rendered":"<p>Let&#8217;s have a look at the jobs data for February and how the Seattle area&#8217;s unemployment rate and approximate labor participation rate alongside the national numbers.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/04\/Labor-Force-Unemployment_Seattle_2014-02.png\" title=\"Unemployment &#038; Labor Participation\" rel=\"lightbox[28558]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/04\/Labor-Force-Unemployment_Seattle_2014-02-600x435.png\" style=\"border: 0;\" title=\"Unemployment &#038; Labor Participation - Click to enlarge\" alt=\"Unemployment &#038; Labor Participation\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>In February the Seattle area&#8217;s unemployment rate hit its lowest level since September 2008 at 5.1%.  The national unemployment rate is still a bit higher at 6.7%, also roughly on-par with late 2008 levels.<\/p>\n<p>The Seattle-area labor participation inched up in February to 70.0%.  The national labor force participation rate was steady at 63.0%.  Since 2011 the Seattle-area labor participation rate has held relatively steady, while the national level has fallen about a point.<\/p>\n<p>For reference, in 2006 when everyone imagined the economy to be in great health, the local unemployment rate averaged 4.3% and the labor participation rate averaged 69.5%.<\/p>\n<p>Here&#8217;s a look at the local and national unemployment rates with Washington&#8217;s statewide rate thrown in as well.<\/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\/2014\/04\/Unemployment_2014-02.png\" rel=\"lightbox[28558]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0;\" title=\"Seattle-Area Unemployment Rate - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/04\/Unemployment_2014-02-600x436.png\" alt=\"Seattle-Area Unemployment Rate\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>Washington as a whole is trending much more closely to the national levels.<\/p>\n<p>Next week we&#8217;ll look at how specific job sectors are performing in 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 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>US Unemployment: <a href=\"http:\/\/www.bls.gov\/data\/#unemployment\" 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>Let&#8217;s have a look at the jobs data for February and how the Seattle area&#8217;s unemployment rate and approximate labor participation rate alongside the national numbers. In February the Seattle area&#8217;s unemployment rate hit its lowest level since September 2008 at 5.1%. The national unemployment rate is still a bit higher at 6.7%, also roughly&#8230;<\/p>\n","protected":false},"author":2,"featured_media":28560,"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 Unemployment at Late 2008 Levels","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":[1013,303],"coauthors":[],"class_list":["post-28558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-participation-rate","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 Unemployment at Late 2008 Levels \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\/2014\/04\/03\/seattle-area-unemployment-at-late-2008-levels\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Seattle-Area Unemployment at Late 2008 Levels \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#8217;s have a look at the jobs data for February and how the Seattle area&#8217;s unemployment rate and approximate labor participation rate alongside the national numbers. 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