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Washington State JOLTS Brief_2023M04

Continued Job Growth Amid Limited Supply

April 6, 2023 10 Minute Read

Workers JOLTS

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As the U.S. seems poised to enter a mild recession in the latter half of 2023 and uncertainty surrounds business investment decisions, we take a more regional view of the trends that have emerged since the start of 2019 in Washington state’s labor market. Hiring activity has continued to show resilience following a brief decline at the start of the pandemic period.

Hiring, layoffs and employee quit rates have trended in such a manner that scarcity of labor will continue to be a theme for employers in 2023, even as some companies announce layoffs.