Overall unemployment rate moved down to 3.2% with the biggest shift in Restaurants & Hotels, which gained 4,800 roles, based on the most recently available information published in May 2023.
Total employment in the Seattle-Tacoma-Bellevue, WA market rose by 13,996 jobs in March and the unemployment rate decreased compared to the prior month by 10 bps to 3.2%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Seattle-Tacoma-Bellevue, WA unemployment rate is 42 bps below the national rate which is a positive sign.
- Unemployment in the market is equal to the unemployment rate in the market last year at this time.
- Average wages (per hour) grew in March versus prior month by 6.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Business Services: 400,200; -400
- Transportation & Utilities: 358,800; no change
- Education & Healthcare: 302,900; +2,700
- Government: 270,200; +100
- Restaurants & Hotels: 194,900; +4,800
- Manufacturing: 164,700; -200
- IT & Development: 142,900; +400
- Construction, Mining: 135,600; -1,100
- Financial Services: 102,500; no change
- Other Jobs: 73,700; +1,400
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.