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PUGET SOUND: END OF THE STORM?
As 2009 came to a close, it proved to be one of the most turbulent years for the economy and commercial real estate in history. Washington State watched as much of the national real estate market fell victim to the financial market collapse. While the impact we eventually experienced lagged behind the rest of the nation, it was nevertheless a serious blow to the local economy as unemployment rose to its highest rate (9.6% in March 2009) since 1993. However, the current national unemployment rate of 9.7% is higher than Washington State’s current 9.1%. While locally unemployment is on a decline, the state of Washington paid a record $3.97 billion in unemployment benefits to nearly 470,000 citizens throughout the storm of 2009.
Contact Taylor Odegard at 253.680.6616 for more information.
  4Q09_PugetSound_Office_Report.pdf
ATT0QGBK.pdf
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