Seattle's downtown core experienced significant job losses between 2024 and 2025, with a substantial portion of these declines concentrated in the tech sector. This trend contrasts with the job growth observed in the neighboring tech hub of Bellevue during the same period. Amazon's employment shifts are noted as a contributing factor to this regional economic redistribution. A new report highlights that Seattle's overall job growth has lagged behind other major U.S. metropolitan areas. The city's economic challenges are being discussed in the context of its fiscal climate and a specific payroll tax.
Seattle, WA
https://www.geekwire.com/2026/report-downtown-seattle-lost-13000-jobs-in-a-year-while-bellevues-tech-hub-boomed/