City Hall

Positive Economic Signs in Seattle

By Erica C. Barnett May 1, 2012

The city council got some positive economic news today, as council members were told that the city's economic indicators---the total number of jobs in the city, the number of new businesses, and the annual amount of business income---were largely positive.

Specifically, the city's overall business income went up 3.3 percent; employment went up 1.6 percent; new business licences were up

15.2 percent; and the number of higher-ed degrees awarded were up 7 percent. And some good news for the 99-percenters: Although the lowest fifth of households, by income, earned 0.1 percent less in 2010 than in 2009, the middle 20 to 80 percent earned more (between 0.3 and 0.9 percent), and the top fifth earned 1.3 percent less.

Additionally, Seattle businesses added more than 15,000 jobs between March 2010 and January 2012.

Read the whole report here.
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