Glassdoor: Job openings, pay growth increasing in Seattle faster than national average
Job openings and pay growth are increasing in Seattle, but the numbers indicate a slowing labor market.
That's the main takeaway from a new job market report by Glassdoor, released Tuesday. The report analyzed job openings and compared them to those from the same period last year to get a look at which industries are growing.
"Job openings are like a crystal ball into how employers are hiring and a major indicator of the health of the U.S. economy," Andrew Chamberlain, Glassdoor chief economist, said in a news release.
Nationwide, job openings are relatively stable, down just 0.4 percent in April 2019 compared to April 2018. In Seattle, jobs and pay are both growing faster than the national average. Open jobs are up 2.2% year-over-year.
Despite the growth, analysts expect 2019 to be a slowing labor market.
"What this month's Glassdoor Job Market Report shows is yet another clear sign pointing towards a slowdown in the labor market. This isn't a cause for alarm, but it is a splash of cold water on the labor market compared to the blazing job growth we saw through most of 2018," Daniel Zhao, Glassdoor senior economist, said in a news release.
https://www.seattlepi.com/seattlenews/article/Glassdoor-Seattle-job-career-wage-increase-economy-13807456.php?utm_source=newsletter&utm_medium=email&utm_campaign=dailynewsletterspi&utm_term=spi
