{"id":29476,"date":"2014-09-19T09:00:21","date_gmt":"2014-09-19T16:00:21","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=29476"},"modified":"2014-09-19T09:07:54","modified_gmt":"2014-09-19T16:07:54","slug":"real-estate-job-growth-slows-near-zero","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2014\/09\/19\/real-estate-job-growth-slows-near-zero\/","title":{"rendered":"Real Estate Job Growth Slows to Near-Zero"},"content":{"rendered":"<p>Time once again to take a look at the breakdown of what sectors are adding jobs locally and what sectors are losing jobs.<\/p>\n<p>First up, year-over-year job growth, broken down into a few relevant sectors over the past four years.<\/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\/2014\/09\/Job-Growth_2014-08.png\" rel=\"lightbox[29476]\"><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\/2014\/09\/Job-Growth_2014-08-600x436.png\" alt=\"Seattle-Area YOY Job Gains \/ Losses\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>The &#8220;Finance \/ Real Estate&#8221; sector had been growing by as much as five percent about a year ago, but as of August has slowed to just 0.1 percent year-over-year growth. Construction is still the fastest-growing sector, but growth has tapered off there in recent months as well.<\/p>\n<p>Let&#8217;s take a look at just the &#8220;Real Estate and Rental and Leasing&#8221; sector of jobs.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Seattle-Area Real Estate Jobs - Year-Over-Year Change\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/09\/Job-Growth-RE_2014-08.png\" rel=\"lightbox[29476]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0;\" title=\"Seattle-Area Real Estate Jobs - Year-Over-Year Change - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2014\/09\/Job-Growth-RE_2014-08-600x436.png\" alt=\"Seattle-Area Real Estate Jobs - Year-Over-Year Change\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>After hitting 4.5 percent in June, real estate job growth had rapidly dropped to just 1 percent as of August.<\/p>\n<p>Next, here&#8217;s a zoomed in view of the sector-by-sector breakdowns so you can see what&#8217;s going on lately:<\/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\/2014\/09\/Job-Growth-zoom_2014-08.png\" rel=\"lightbox[29476]\"><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\/2014\/09\/Job-Growth-zoom_2014-08-600x436.png\" alt=\"Seattle-Area YOY Job Gains \/ Losses\" width=\"600\" height=\"436\" \/><\/a><\/p>\n<p>With 8.9 percent year-over-year growth in August, the construction sector continues to turn in strong gains, even though it has backed down from 11 percent growth in June.<\/p>\n<p>Almost every sector we look at is still gaining jobs in the Seattle area. The one exception is manufacturing, which has been shedding jobs for ten months in a row.<\/p>\n<p>Overall year-over-year job growth for the Seattle area continues to hold steady around 3 percent.<\/p>\n<div style=\"font-size:85%; border-top:3px solid #000000; padding-top:10px;\">Source<\/p>\n<ul style=\"margin:-15px 0 0 20px;\">\n<li>Seattle-Area 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<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Time once again to take a look at the breakdown of what sectors are adding jobs locally and what sectors are losing jobs. First up, year-over-year job growth, broken down into a few relevant sectors over the past four years. The &#8220;Finance \/ Real Estate&#8221; sector had been growing by as much as five percent&#8230;<\/p>\n","protected":false},"author":2,"featured_media":29479,"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: Real Estate Job Growth Slows to Near-Zero http:\/\/wp.me\/pe2Bv-7Fq","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],"coauthors":[],"class_list":["post-29476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-job_growth","tag-jobs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Real Estate Job Growth Slows to Near-Zero \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\/09\/19\/real-estate-job-growth-slows-near-zero\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Real Estate Job Growth Slows to Near-Zero \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Time once again to take a look at the breakdown of what sectors are adding jobs locally and what sectors are losing jobs. 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