Overall unemployment rate moved down to 5.2% with the biggest shift in Restaurants & Hotels, which gained 9,300 roles, based on the most recently available information published in September 2021.
Total employment in the Seattle-Tacoma-Bellevue, WA market rose by 29,886 jobs in July and the unemployment rate decreased compared to the prior month by 10 bps to 5.2%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Seattle-Tacoma-Bellevue, WA unemployment rate is 46 bps below the national rate which is a positive sign.
- Unemployment in the market is 490 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 0.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 405,100; +600
- Business Services: 312,700; +3,300
- Education & Healthcare: 281,200; +100
- Government: 259,400; -5,700
- Restaurants & Hotels: 175,100; +9,300
- Manufacturing: 157,600; +1,600
- IT & Development: 141,600; +1,600
- Construction, Mining: 138,200; +1,600
- Financial Services: 103,400; +1,400
- Other Jobs: 74,500; +2,000
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.