Economy
Washington Residents Drowning in Credit Card Debt
The amount owed is large and rising
The median credit card debt in Washington state is $2,880, the fifth-highest in the nation. A WalletHub study using data from credit reporting agency TransUnion says it would cost $313 per month over 15 months and three days to pay off. Consumers across the country pay an average 16.91 percent interest rate. The amount of…
Seattle May Be Expensive, But Its Still a Magnet for New Residents
Housing-research platform Redfin study ranks metro areas by residents looking to make a move
Seattle ranks as the top migration destination for residents of San Francisco and Denver looking to relocate, while Sacramento and San Diego claim Seattle as the top city of origin for individuals eyeing a move to those California metros, according to a recent Redfin study. The study is based on an assessment of Refin users…
The Fastest Growing Job in Washington State is Not in Technology
The number of jobs in this sector has risen by more than 300%
They recruit workers. They help employees navigate often-complicated benefits and compensation packages. They handle office disputes. Human resources specialist jobs are the fastest-growing in Washington state, according to a study by blog Commercial Cafe. Over the past 10 years, the number of such jobs has skyrocketed a staggering 347%. Thirty-five percent of all employees in…
Millennials Do Quite Well in Seattle
Salary survey puts millennials here near the top
Millennials make more money in Seattle than in almost any United States city. Seattle ranks No. 3 in millennials salaries, according to a report from Hire A Helper, a company that connects moving companies and customers. Adjusted for cost-of-living, the median income for millennials employed full-time in the Puget Sound region is $51,727, which is…
Seattle Boasts More Women Business Owners Than Any Other Large City
Statewide, Washington, Oregon and Hawaii have the highest percentage of women business owners
The Puget Sound region has a higher percentage of women business owners than any major metro area in the United States. A report by Self Financial found that women make up 46.2% of business owners in the region, which trumps the national average of 38.4%. Statewide, Washington, Oregon and Hawaii have the highest percentage of…
Survey: Voters Worry About Downtown Seattle’s Future
A poll by the Downtown Seattle Association and the Seattle Metro Chamber of Commerce found that 83% of voters consider job loss and business closures a serious issue
A poll from the Downtown Seattle Association and the Seattle Metro Chamber of Commerce found that Seattle voters are concerned about the economic recovery of downtown Seattle. Conducted by EMC research, the poll surveyed a total of 900 people and found that 83% of voters consider job loss and business closures in Seattle a serious…
Washington Ranks Sixth Best State for Recent Grads Amid Covid-19
Washington is expected to see 2.9% employment growth between 2019 and 2021, according to the report
Business.org ranked Washington the sixth best state for recent college graduates to start their careers amid the coronavirus pandemic. Washington is expected to see 2.9% employment growth between 2019 and 2021, according to a Business.org report. Business.org found that 4.3% of people in Washington ages 25 to 29 are unemployed, and unemployment decreased 6% between…
Seattle Business magazine is back
Combo issue with Seattle magazine planned for later this summer
After a brief hiatus prompted by the onset of the Covid-19 pandemic, the award-winning Seattle Business magazine is returning with a special issue later this summer, in combination with affiliated publication Seattle magazine. The issue focuses on whats ahead as the pandemic continues and features the 31st annual compilation of Seattle Business magazines Best Companies…
Seattle Business Leaders Aren’t Being Pollyannaish About the Fallout From the Coronavirus Crisis, Survey Shows
Executives in the Puget Sound Area have a notably bleak view of COVID-19s impact on their businesses, the poll states
Labor-market information platform ThinkWhy surveyed 500 business leaders across a half dozen major metro areas from March 14 through March 19 only several days before Washington Gov. Jay Inslee issued a mandatory statewide stay-at-home order and found that executives in the Seattle area have the most negative view of the impact of the COVID-19 crisis….
Calling All Seattle Businesses and Nonprofits Stung by the Coronavirus Crisis: Participate in This Survey
Greater Seattle Partners is co-sponsoring an online poll to gather data that will be used to help speed recovery
In a time of great uncertainty, as we are experiencing in the Seattle area with the still-developing coronavirus (COVID-19) crisis, the best way to advance is to shine a light down the path, allowing us to keep our feet on solid ground as we move forward. Thats precisely what regional economic development group Greater Seattle…
Washington Restaurants and Bars Are Being Ordered Closed to Help Stem the Spread of the Coronavirus
The governors order also will require theaters, health and fitness clubs and similar venues to shut down
Washington Gov. Jay Inslee plans to issue an emergency proclamation on Monday, March 16, that will temporarily shut down restaurants, bars and recreational facilities statewide and prohibit all gatherings of more than 50 people as part of a growing dragnet aimed at limiting the deadly reach of the coronavirus. Restaurants will be allowed to provide…
Washington Is Among the States Getting the Biggest Economic Boost From Immigrants, Study Finds
The state scores high in measures such as jobs generated by immigrant-owned firms and the percentage of large companies founded by immigrants
As the nation deals with a divisive debate over immigration policies, a new study offers some insight into the stakes in that debate by examining and ranking states based on the economic contributions of their immigrant populations. Washington earned a sixth-place showing in the ranking, according to the study by personal finance platform WalletHub. Among…