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Employment Opportunities Attract New Seattle Residents

SEATTLE—During the last four quarters, more than 50,500 people have moved into the metro says a recent report. Read on for what will keep tenants in the rental pool longer.

By Natalie Dolce | Updated on November 17, 2015

SEATTLE—According to a recent report from Marcus & Millichap, after a 3.3% increase in headcounts during 2014, led by gains in the trade, transportation and utilities sector, employment will rise 3.5% this year, or by 65,000 jobs. This should keep the unemployment rate below 5%, the report says.

“Employment opportunities attract new residents,” the report says. “During the last four quarters, more than 50,500 people have moved into the metro.” The prime renter cohort of 20- to 34-year-olds accounted for nearly one-third of the total, the report says. “This surge in growth has led to the formation of roughly 28,500 households.”

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