Greater Seattle Unemployment Plunges to 4.1 Percent in August from 4.4 percent in July

Numbers improve in spite of a labor force increase of 8,000 people in the Seattle/Bellevue/Everett region.
 
 

You've seen the cranes and been stuck in the traffic. Now look at the numbers. The unemployment rate in the Greater Seattle region including Seattle, Bellevue and Everett fell to 4.1 percent in August from 4.4 percent the month before in spite of an increase of 8,000 people in its labor force, according to Washington's Employment Security Department. In the full year leading up to August 2016, Washington state added 95,300 jobs when the numbers are not seasonally adjusted. The private sector drove most of the job growth, adding 81,500 jobs statewide. Manufacturing, which saw employment fall by 4,500, was the only sector to report job losses.

 

Economic Outlook: Gazing Beyond 2017

Economic Outlook: Gazing Beyond 2017

Crystal-ball predictions of what’s to come.
FROM THE PRINT EDITION |
 
 

The 5 W’s of the news industry
by Mónica Guzmán 

WHO: After years of existential struggle, lots of smallish media organizations (e.g., iterations of Nextdoor and neighborhood blogs) will have become essential to the Seattle communities they serve. You’ll identify with several of these communities — composed of people who live how you live, like what you like or want what you want — and you’ll know them as hubs that include you, not just outlets that inform you. 

WHAT: By 2035, almost everything you do will become somebody’s data, and artificial intelligence — those algorithms that already customize content — will churn out a version of a story just for you. Want knowledge that isn’t so nosy? You’ll probably need to pay more for it.

WHEN/WHERE: Smart objects such as driverless cars will tell you everything you need to know. But after key research findings on the perils of distraction and the benefits of in-person interaction, you’ll finally know when to turn them off and shut them up.

WHY: With information that’s so personalized and segregated, distinguishing what enlightens us from what only affirms our attitudes will be tough. Luckily, a new set of tools — and a new kind of journalism — will have evolved to lead us to information that our algorithms would have never found.  

MONICA GUZMAN is a columnist for The Seattle Times and cofounder of The Evergrey, a daily email newsletter about Seattle.

 

Imagine an ever-changing waterfront
by Charles Royer

James Corner, the lead designer for Seattle’s new waterfront, doesn’t believe it will ever be finished. He is not handing in a finished design at the end of his contract. 

He is designing a canvas that future generations will shape and reshape. He once said the idea for the waterfront is really that of a classic Pioneer Square loft: a large space that new generations of residents will change and reorganize to accommodate the needs, demands and trends of their own time. 

So Seattle’s new waterfront really is not about what it might look like. Sure, it will be green and open to the sky and the water and the mountains. And open to the crowds — the hustle and bustle of people at play or at rest or just passing through the big city. 

But it is more about how the waterfront will be used by succeeding generations: locals, newcomers and visitors, young and old, the fit and the not so fit, all seeking to contribute to the mix of activity in a place that encourages a changing use. 

Think of a lot less stressful noise and more happy noise. Music. Laughter. Even healthier fish and a cleaner Elliott Bay. 

I hope for what we have dreamed: a waterfront for all, to use as each person chooses.  

CHARLES ROYER, a former Seattle mayor, is cochair of Seattle’s Central Waterfront Committee.

 

Ferries on Lake Washington? It could happen — again
by Leslie Helm

Lake Washington is a magnificent community asset, but it’s a barrier where traffic is concerned. Michael Christ has a solution. He’d like to reintroduce passenger ferries, which graced the region’s waterways from the 1850s to the 1930s.

Christ, the CEO of Seco Development, is betting heavily on Renton’s Southport mixed-use waterfront development. He pictures slow-moving barge-like ferries transporting 150 to 175 people and countless bicycles at a time. A trip between Renton and Seattle’s South Lake Union might take an hour, he says, but there would be Wi-Fi and a chance to get some work done.

“It would be so much more beautiful than driving,” says Christ. “It would be romantic.” 

Skeptics — and there are plenty — say commuters prefer bus, light rail or car, adding that boats are expensive, and that there isn’t enough development along the lake to make the plan work. 

Christ calls them shortsighted. The boats he envisions are energy efficient and cheap (less than $5 million for three boats circling the lake) and would connect with other public transportation.

Maybe King County Executive Dow Constantine, who backed the popular water taxi between West Seattle and downtown, will go for a new “Lake Link.” Sound far-fetched? Maybe not. The county has considered reviving an idea, raised and quashed when the Great Recession hit, of testing two passenger-ferry routes to the University of Washington — one from Kenmore and the other from Kirkland.

As Christ points out, big growth is projected for cities all around the lake. “You’re going to have 5 million people living around this lake,” he notes. “It’s just a question of time before this happens.” 

LESLIE HELM is the executive editor of Seattle Business magazine.