Seattle Metro Job Picture in Focus

March 8, 2023 29 Minute Read

Puget Sound Job Picture in Focus

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While CBRE forecasts just 0.2% GDP growth for the U.S. in 2023, followed by 1.3% GDP growth in 2024, subsequent years are expected to return to closer to 3%. Though the region trailed many other U.S. metros with respect to office utilization metrics in 2022, recent tech layoffs have helped the gradual recovery along by demonstrating that employers now have a greater ability to part ways with employees who are not meeting performance expectations – sometimes including attendance in the workplace.

"Despite notable layoff announcements across the tech and start-up sector, only 0.22% of the Puget Sound region’s 4 million workers have been directly affected."