WASHINGTON STATE

Washington State House Democrats

HOUSE DEMOCRATS

Seattle Economy

As we bounce back from the worst recession since the Great Depression, it’s encouraging to see people getting back to work in Seattle. However, we’re not out of the woods yet, especially compared with the rest of the nation, as this post from a Seattle Times blog illustrates.

Seattle’s skyline is growing, cranes are nesting, and the jobs situation here is much better than in the rest of the state. But by one widely watched barometer, the metropolitan area is only doing so-so. The Brookings Institution has been monitoring the 100 largest metros to see how they have bounced back from the recession in jobs, unemployment, gross domestic product, and housing prices. It ranks them by looking at where they stand in the most recent quarter compared with their pre-crash peak. And Seattle is…34th in employment, 42nd in unemployment, 71st in housing prices and 17th in output as measured by GDP.

Click here to read the full post.