Seattle Job Market Report

Seattle's Shifting Job Landscape: Tech Disruption, Retail Resilience, and Evolving Trends


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Seattle's job market reflects a mixed landscape amid national slowdowns, with tech layoffs offsetting stability in retail and multifamily sectors. According to the Labor Department, U.S. job openings fell to 6.5 million in December 2025, the fewest since 2020, signaling a sluggish labor environment that impacts Seattle. The Associated General Contractors of America reports the Seattle-Tacoma-Bellevue area lost 4,800 construction jobs, or 4 percent, from December 2024 to 2025, contributing to Washington's statewide 5 percent drop. Unemployment data specific to Seattle remains unavailable in recent reports, highlighting a key gap.

Major industries include technology, led by Amazon and Microsoft, aerospace via Boeing, and construction, though contracting. Amazon, a top employer with over 1 million U.S. workers, drives e-commerce and cloud computing jobs, while Boeing offers engineering roles. Retail shows solid fundamentals per Kidder Mathews' 2026 Western U.S. Market Forecast, with low vacancy and steady demand; growing sectors encompass multifamily housing and industrial stabilization. Trends indicate stalled hiring due to weak demand and worker shortages, alongside tech sector repositioning causing housing inventory surges of 32.4 percent in January per FOX Business reports.

Recent developments feature Morrison Foerster opening a Seattle office with a 15-partner team from Perkins Coie on February 6, 2026, boosting legal jobs, and University of Washington hosting a spring job fair on April 15, 2026. Seattle's fair workweek laws, noted by Littler Mendelson, mandate schedule predictability for retail and hospitality, influencing hiring. Commuting trends lack specifics, but tech layoffs slow absorption; no clear seasonal patterns emerge beyond construction declines. Government initiatives are absent from data.

The market evolves toward balance in commercial real estate, with office recovery uneven. Key findings: construction weakens, but retail and multifamily strengthen; tech volatility persists. Current openings include Senior Electrical Estimator at Skanska in Seattle, Boeing Summer 2026 Product Security Analyst Intern in Seattle, and roles at the UW Spring Job Fair across industries.

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Seattle Job Market ReportBy Inception Point Ai