Seattle economy

Money Matters
12:42 pm
Tue February 7, 2012

Puget Sound pay raises lag behind the rest of the nation

Raises may be lower here, but at least we have Mt. Rainier!
Bureau of Labor Statistics U.S. Department of Labor

If you're disappointed with the pay raise (or lack of one) you received last year, you're not alone.

Total private sector compensation in the Puget Sound region rose just 1 percent in 2011, compared to 2.2 percent nationwide.

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Economy
4:53 pm
Fri February 3, 2012

Economy does seems brighter to some Seattleites

The economy is looking a bit brighter to the Seattleites we talked to on Friday.
Cellular Immunity Flickr

The unemployment rate is at its lowest level in three years. The stock market is up.  But, are you feeling better about the economy? 

Maybe it was the economic news. Maybe it was the sun coming out for the first time in a while, but most people we talked to on the streets of downtown Seattle this afternoon said they were feeling positive.

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Business
3:23 pm
Tue August 30, 2011

Downtown shoppers will see JC Penny after 30-year hiatus

JC Penny's new location in downtown Seattle will be in the three-story Kress building at Third Avenue and Pike Street.
Dan Neslon Flickr

It’s been almost 30 years but JC Penny is making a comeback. The Seattle Times reports the clothing-store chain is planning to set up shop just one block from where the original store once stood.

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Real Estate
8:52 am
Thu February 10, 2011

Seattle area foreclosures surpass national average

The rate of foreclosures in Washington State and the Seattle area have soared in January, according to RealtyTrac.
David Zalubowski AP

In the past month, the Seattle area's foreclosure rate has soared to new heights - it's now higher than the national average. One out of every 476 homes has a foreclosure filing, compared with one in every 497 nationally, according to a new report by RealtyTrac, a foreclosure information firm.

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