Overall unemployment rate moved up to 3.4% with the biggest shift in Transportation & Utilities, which gained 5,200 roles, based on the most recently available information published in January 2022.
Total employment in the Seattle-Tacoma-Bellevue, WA market declined by 27,053 jobs in November and the unemployment rate increased compared to the prior month by 20 bps to 3.4%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Seattle-Tacoma-Bellevue, WA unemployment rate is 4 bps above the national rate which is a negative 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 November versus prior month by 2.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 423,000; +5,200
- Business Services: 331,700; +1,400
- Education & Healthcare: 292,500; +3,700
- Government: 274,400; +600
- Restaurants & Hotels: 184,700; -1,600
- Manufacturing: 166,100; +1,100
- IT & Development: 155,400; +1,400
- Construction, Mining: 142,900; -400
- Financial Services: 104,900; -600
- Other Jobs: 68,400; no change
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.