Seattle Doing Much Better Than Most Regions

June 27, 2010 at 6:08 am Leave a comment

John Talton from the Seattle Times writes: “The (Seattle) region’s output, or gross metropolitan product, has fully recovered, growing 3.4 percent above its pre-recession peak in the third quarter of 2008. That ranks metro Seattle eighth nationally. For the first quarter of 2010, output rose 1.1 percent. Employment rose in the first quarter by 0.3 percent, making Seattle one of only 30 metro areas to see growth amid a dismal jobs market (the report studies the 100 largest metros). But employment is down 6.4 percent from its peak, even though Seattle’s jobless rate has risen less than in most other areas.”

Read the full story here.

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Entry filed under: Brookings Institute, Economy, Seattle. Tags: , , , .

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