This week, the U.S. Bureau of Labor Statistics (BLS) released new employment and unemployment estimates for December 2019 (seasonally adjusted). See below for greater Seattle highlights: Employment Nonfarm payroll employment in greater Seattle rose in December 2019 compared to a year earlier, increasing from 2.05 million in December 2018 to 2.13 million in December 2019….
The Greater Seattle region’s economy sizzled in 2018, growing faster than any other major U.S. metropolitan area. Greater Seattle Partners (GSP) released an analysis today showing that the region’s gross domestic product (GDP) increased by more than $23 billion in 2018. “Innovation and talent drive growth,” said GSP CEO Brian P. McGowan. “We are overtaking…
State-level export data is out for October, which highlights a 17.5% increase in Washington state exports from September – October 2019. That said, October numbers are significantly below export values for the same time last year. When looking at the MSA-level, Greater Seattle exports totaled over $9.5 billion in Q2 2019, a 21% decrease from…
The Bureau of Labor Statistics’ (BLS) Quarterly Census of Employment and Wages Q2 figures were released this week. Regional employment and wage growth were impressive, though not always equally distributed among the three counties. While the number of establishments in the region also grew, Pierce and Snohomish counties posted larger gains than King County in…
Agriculture ranks as the second leading export sector in Washington state after civilian aircraft and ahead of computers and electronics. Washington farmers produce more than 300 commodities and topped $10.6 billion agriculture production in 2016 alone. Among many high-value crops produced in the state are apples, cherries, hops and potatoes. In Snohomish County, Washington, the…
Korea SMEs and Startups Agency has opened its first office in the Pacific Northwest in Seattle as it seeks to expand business in the region. The office will seek to diversify and grow an already valuable business and trade relationship between South Korea and the Puget Sound region. According to economic development agency Greater Seattle Partners…
Brian McGowan is a man caught in the middle — and he likes it that way. He’s spent his career working to bridge the gap between the public and private sector because he believes only when those interests align will we truly be able to solve the biggest problems plaguing our society. “Until we can figure…
The Bureau of Labor Statistics’ (BLS) Quarterly Census of Employment and Wages for Q3 2019 was released this week. Regional employment and wage growth continue to rank in the top seven for all large metros in the U.S. While the number of business establishments in the region also grew, Pierce County posted significantly larger gains…
For years, Seattle has been considered a haven for startup culture and entrepreneurial expansion. With a large, educated workforce at its disposal, Seattle’s demographics and geographical location make it an ideal place to create a business. Although Silicon Valley in the Bay Area has been regarded as the undisputed startup center of the nation, a recent study published by Commercial…
SEATTLE – June 27, 2019 – The Puget Sound Regional Council (PSRC) has designated the Cascade Industrial Center as the region’s tenth Manufacturing Industrial Center. Manufacturing Industrial Centers receive priority for federal transportation funding through PSRC, as they are expected to fuel regional economic and employment growth. The designation recognizes the Cascade Industrial Center, located…
Startup Genome, an organization that aims to support startup success, recently released its 2019 Global Startup Ecosystem Report. The report ranks the best startup ecosystems in the world, based off measurements of “success factors” such as startup performance, funding, market reach, talent, experience, and knowledge. The report ranks Seattle as the 12th best global startup ecosystem,…
“Seattle NorthCountry” is the Snohomish County Tourism Bureau’s new marketing brand aimed at attracting more tourists to Snohomish County.