Posted by: phillipsre | May 11, 2012

Seattle’s Economic Recovery Strategy is Working

This article was found on the website of Seattle City Councilmember, Richard Conlin. This site is a good resource of information on the city, ways to get involved and stay informed. The article below is a nice overview of how Seattle is not lagging behind in the recesssion as we have in previous years.

In the last several recessions, Seattle has lagged the national recovery, sometimes by as long as a year. But, in this recession, we are at the leading edge of recovery.

Washington’s official numbers show the state’s unemployment rate at 8.2% in February, about equal to the national average – but that the Seattle area rate had dropped to 7.4%. A study by the W.P. Carey School of Business at Arizona State University, reports that the number of jobs increased by 2.2 percent in the Seattle-Tacoma-Bellevue area between January 2011 and January 2012, making Seattle the fifth fastest growing job market in the nation during that period.

To read the full article, click this link.

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