Is the Seattle economy bouncing back? Seattle Market Review, February 2012

Companies are hiring, Seattle ranks 5th for wage growth, stores are opening (and none of note are closing), Amazon is laying down some serious Seattle roots, techies earn an average of $90K annually, exports are pumping life into the waterfront and Boeing bonuses are lifting the economy. Some of those empty big-box stores may soon be housing a BevMo or Liquor Depot, which means more jobs and a new retail category.

Washington ranks 7th for business-friendly taxes and Seattle ranks 10th for salaries paid to women (averaging $53K for full-time workers). Seattle-Tacoma moved up seven slots to #8 for apartment rankings, boosted by anticipated job growth in 2012. Seattleites remain the most generous in the nation for online giving.

Counter all that sunshine with the dark clouds of layoffs at Microsoft, the landmark Seattle-Snohomish Mill closing and Heinz pulling the plug on its Kent food processing plant. Houses are selling, while prices continue to fall. Optimism abounds, but there are plenty of cautions to keep you grounded. You find it all in The Seattle Times’ February Seattle Market Review.

If you are doing business in the greater Seattle area, or just want to impress everyone with your handle on this market, this is one newsletter you can’t do without. It’s a quick read for a comprehensive overview of all you need to know. And it’s free, courtesy of The Seattle Times Strategic Research Department, your one-stop source for media and market news, information and insights. Check it out here!

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