GrowthTransportationEconomyArchive
Updated Jun 16 2016, by Michael Jensen, PSRC

Services sector continues to drive the region’s job growth

The region has gained 17,300 jobs since January - with 3,700 new jobs added in April 2016. The job growth since April 2015 has averaged 3.2%. King and Snohomish Counties continue to be the major contributors to regional job growth. Growth in April was slightly higher than the 3,300 jobs that were added to the region in March 2016.

The region gained added almost 63,000 jobs between April 2015 and April 2016, about 6% more than the 59,000 jobs added between April 2014 and April 2015.

Figure 1. Annual Wage and Salary Employment (Seasonally Adjusted) Trend: 2011-2016
Figure 1. Annual Wage and Salary Employment (Seasonally Adjusted) Trend: 2011-2016

Job growth varied by employment sectors

The region has continued to experience robust job growth in the services sector by adding 3,500 more jobs in April 2016. The services sector includes jobs from IT, business services, recreation and food services etc. The services sector gained about 35,000 jobs over the past year, 13,000 more than it did between April 2014 and April 2015. The construction sector grew at 5.1%, the fastest annual growth rate between April 2015 and April 2016 while the manufacturing sector experienced slight job declines.

Figure 2. Annual Change in Wage and Salary Employment by Sector
Figure 2. Annual Change in Wage and Salary Employment by Sector

Coming up in July:

In March, PSRC kicked off the process to create a new Regional Economic Strategy for the Puget Sound Region. The new strategy will enhance understanding of the forces that drive the region’s economy, inform the region’s land use and transportation planning, and support state and local economic development initiatives. We will continue to examine job sector and other economic trends as the strategy is developed. For more information visit: http://www.psrc.org/econdev/res/.