Overall unemployment rate moved down to 5.1% with the biggest shift in Restaurants & Hotels, which gained 5,400 roles, based on the most recently available information published in June 2021.
Total employment in the Seattle-Tacoma-Bellevue, WA market declined by 4,509 jobs in May and the unemployment rate decreased compared to the prior month by 20 bps to 5.1%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Seattle-Tacoma-Bellevue, WA unemployment rate is 40 bps below the national rate which is a positive sign.
- Unemployment in the market is 790 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in May versus prior month by -5.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 397,300; +1,600
- Business Services: 303,100; +1,800
- Education & Healthcare: 280,100; -1,100
- Government: 264,700; +2,600
- Manufacturing: 156,000; +300
- Restaurants & Hotels: 155,300; +5,400
- IT & Development: 138,100; +1,100
- Construction, Mining: 135,600; -1,300
- Financial Services: 101,200; +1,200
- Other Jobs: 71,800; +900
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.