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When good job news can lead to higher unemployment
Washington state has seen steady job growth the past three months, but the unemployment rate just ticked up. Here's why that makes sense.
Stephen H. Dunphy writes on business and economic issues for Crosscut. He was a business editor and columnist for a number of years at The Seattle Times.
Washington state has seen steady job growth the past three months, but the unemployment rate just ticked up. Here's why that makes sense.
Benefits paid to unemployed workers in Washington set a record in 2010. And one broad measure of unemployment puts the true jobless rate here at over 18 percent.
A survey done with the Greater Seattle Chamber of Commerce finds that far more companies here expect to add jobs than make cuts, and most of the new opportunities will be with mid-sized companies.
Heads up, Seattle: Economic deals in China, possible new Indian consulate reflect Bellevue's growing stature.