01-20-2010, 10:26 PM
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#1
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Banned
Join Date: Dec 2004
Location: IGNORE LIST OR BAN LIST
Posts: 7,839
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Empty building and unemployment
Business & Technology | Wash. unemployment rate jumps to 9.5 percent | Seattle Times Newspaper
Quote:
Washington's unemployment rate was up to 9.5 percent in December, a half a percentage point increase from the month before.
State officials say more than 334,000 people were unemployed and looking for work last month. November's unemployment rate, originally reported at 9.2 percent, was later revised down to 9 percent.
Washington has lost more than 106,000 jobs since December 2008, a 3.6 percent decrease. Nationally, employment declined by 3.1 percent during the same time.
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Real Estate | Empty office spaces soar in downtown | Seattle Times Newspaper
Quote:
Empty office space in downtown Seattle has climbed to levels not seen in decades.
The total vacancy rate hit 21.1 percent during the fourth quarter, according to statistics released Tuesday by brokerage Cushman & Wakefield. That's "a record vacancy for downtown Seattle," senior director Matt Christian said.
It hadn't topped 20 percent before in the 22 years the firm has been tracking the market.
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