Saturday, March 13, 2010

Bypassed East - Seattle's Economy


Aerospace has long been a huge part of Seattle's economy. Boeing employs over 4500 people in the Seattle region and is a significant part of its economy. The city's largest employer is the University of Washington, however. The university contributes more than 3 billion to the economy on an annual basis. Not only playing a major role financially, the university also contributes to the healthcare, science, information technology, and biotechnology sectors.

While Seattle has felt the effects of the recession, its economy has still remained strong in comparison to most US states. It's still a breeding place for start up companies, especially within the field of green technologies.

Total Employment

Number of full-time and part-time positions (not including resource or construction)

Year

Seattle

King County

Greater Seattle Area*

1980

386,684

697,401

1,033,407

1990

469,802

972,567

1,445,243

2000

536,471

1,188,577

1,748,243

2006

470,698

1,125,197

1,615,507

2020
(projection)

653,514

1,498,043

2,224,597

Source: Puget Sound Regional Council
*King, Snohomish, Pierce and Kitsap Counties







references:
http://www.cityofseattle.net/oir/datasheet/economy.htm
http://www.city-data.com/us-cities/The-West/Seattle-Economy.html
http://en.wikipedia.org/wiki/Seattle

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