- 17,814 more businesses
- 423,776 more employees
- 57.3% increase in total wages
- $15,420 in additional annual wages per employee
- 33.0% increase in wages per employee
Since 2009, the number of businesses in Washington has grown by 8.1% (1.4% less than the national average of 9.5%). Employment in Washington has grown by 18.3% (3.9% greater than the national average of 14.4%). Wages have grown by 33.0% since the end of the Great Recession. This wage growth is 10.4% greater than the national average of 22.5%.
The average weekly wage in Washington of $1,196 is 12.4% above the national average of $1,064. The gap between the national average has widened from 3.7% a widening of 8.7% since the end of the recession.
The Healthcare sector has the most businesses in the state of Washington . Since the end of the recession, the number of businesses has grown from 16,139 to 53,380, a gain of 230.8%. The table below illustrates the change in number of businesses in each sector:
|Accommodation and food services||17,130||15,295||12.0%|
|Finance and insurance||8,908||9,282||-4.0%|
|Real estate and rental||8,276||8,052||2.8%|
|Agriculture and forestry||7,328||7,507||-2.4%|
|Transport and warehousing||4,983||4,432||12.4%|
|Arts and entertainment||2,935||2,550||15.1%|
|Mining and oil extraction||165||184||-10.3%|
There has been some shifting away from some sectors including Finance and insurance with a decline of 4.0% of their businesses and Agriculture and forestry which contracted 2.4%. Educational services has had a significant increase businesses of over 40%, Waste services has increased by 26.8% and Professional services has increased by 37.2%.
The Healthcare sector employs the most workers in the state of Washington. The number of jobs has increased 28.1% since the end of the recession from 319,447 to 409,236. The table below illustrates the change in employment in each sector:
|Accommodation and food services||274,207||220,341||24.4%|
|Agriculture and forestry||105,181||89,657||17.3%|
|Transport and warehousing||96,171||80,451||19.5%|
|Finance and insurance||93,682||92,707||1.1%|
|Arts and entertainment||50,933||45,329||12.4%|
|Real estate and rental||50,776||46,359||9.5%|
|Mining and oil extraction||2,494||2,298||8.5%|
The Manufacturing sector while it grew since 2009, experienced a 6.8% increase in employment and the Wholesale trade sector grew by 9.5%. There are many sectors that grew above 25% during the period including Professional services, Construction and Waste services.
The sector with the highest wages is the Information sector at $3,318. Prior to the recession, the sector’s average weekly wage was $2,033. This is an increase of $1,285 per week or 63.2%. The table below illustrates the change in average weekly wages in each sector:
|Finance and insurance||$1,745||$1,371||27.3%|
|Mining and oil extraction||$1,368||$1,019||34.2%|
|Transport and warehousing||$1,115||$895||24.6%|
|Real estate and rental||$992||$707||40.3%|
|Arts and entertainment||$617||$491||25.7%|
|Agriculture and forestry||$599||$455||31.6%|
|Accommodation and food services||$438||$328||33.5%|
While no sector in the state had their average weekly wage decline since 2009, several grew significantly slower than the state average of 33%. Education services and Utilities grew the slowest in the state at 11.4% and 10.3% respectively. Wages in the Mining and oil extraction sector grew by 34.2% and workers in the Retail trade sector had their pay increase by 78.8% during the period.
Each of the sectors in the previous section are made up of a number of detailed industries. The top industry that has experienced the most growth (as a percent) since the recession is Services for the elderly and disabled which has grown 6,917.5%. The top industry that has contracted the most is Private households which has contracted by 85.2% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of businesses since the recession:
|Services for the elderly and disabled||36,070||514||6,917.5%|
|Computer systems design and related services||7,850||3,873||102.7%|
|Residential building construction||7,541||6,525||15.6%|
|Wholesale trade agents and brokers||5,383||5,866||-8.2%|
|Management consulting services||3,451||1,780||93.9%|
|Offices of lawyers||3,217||3,211||0.2%|
|Offices of dentists||3,216||3,129||2.8%|
|Accounting and bookkeeping services||3,098||2,759||12.3%|
The industry that has experienced the most growth in number of employees (as a percent) since the recession is Electronic shopping and mail-order houses which has grown 440.1%. The industry that has added the lowest percentage of employees is Aerospace product and parts manufacturing which has has grown by 1.3% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of employees since the recession:
|Aerospace product and parts manufacturing||83,998||82,920||1.3%|
|General medical and surgical hospitals||83,500||70,880||17.8%|
|Services for the elderly and disabled||58,326||18,079||222.6%|
|Supermarkets and other grocery stores||55,289||50,728||9.0%|
|Computer systems design and related services||54,186||31,443||72.3%|
|Offices of physicians||51,348||46,212||11.1%|
|Electronic shopping and mail-order houses||49,039||9,079||440.1%|
|Temporary help services||48,101||31,878||50.9%|
|Management of companies and enterprises||44,224||32,147||37.6%|
Since the recession ended, the industry that has experienced the greatest increase in average weekly pay per employee (as a percent) is Internet publishing and web search portals which has grown 141.8%. The average weekly wage in the Commodity contracts brokerage industry has grown by 16.2% since the recession. This is the industry with the lowest wage growth among top industries in Washington . The table below illustrates the 10 largest industries and their change in the average weekly wages since the recession:
|Investment banking and securities dealing||$5,317||$2,932||81.3%|
|Internet publishing and web search portals||$4,077||$1,686||141.8%|
|Commodity contracts brokerage||$3,996||$3,440||16.2%|
|Electronic shopping and mail-order houses||$3,427||$1,659||106.6%|
|Professional employer organizations||$3,332||$1,456||128.8%|
|Computer and software merchant wholesalers||$2,808||$2,161||29.9%|
The biggest percentage change in the number of businesses has been in businesses with 1,000 or more employees. The number of businesses with this number of employees has grown from 72 to 119, which is an increase of 65.3%.
The smallest percentage change in the number of businesses has been in businesses with fewer than 5 employees. The number of businesses with this number of employees has grown from 150,028 to 153,834, which is an increase of 2.5%.
Table 1: Change in the number of Businesses by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||153,834||150,028||2.5%|
|More Than 1,000 Employees||119||72||65.3%|
The biggest percentage change in the number of employees has been in businesses with 1,000 or more employees. The number of employees in companies this size has grown from 232,012 to 362,478, which is an increase of 56.2%.
The smallest percentage change in the number of employees has been in businesses with fewer than 5 employees. The number of employees with this number of employees has grown from 222,446 to 228,184, which is an increase of 2.6%.
Table 2: Change in the number of Employees by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||228,184||222,446||2.6%|
|More Than 1,000 Employees||362,478||232,012||56.2%|
The biggest percentage change in the average weekly wage has been in businesses with 500 to 999 employees. The average weekly wage in companies this size has grown from $1,645 to $2,909, which is an increase of 76.8%.
The smallest percentage change in the average weekly wage has been in businesses with 20 to 49 employees. The average weekly wage in companies this size has grown from $749 to $952, which is an increase of 27.1%.
Table 3: Change Average Weekly Wage by Size Since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||$823||$593||38.8%|
|More Than 1,000 Employees||$2,909||$1,645||76.8%|
This page, created and maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt Tietjen has spent the bulk of his career working with and using data to grow businesses. As the SVP of Operations at TheStreet and the head of Audience & Product at Purch, data helped us create products and content strategies to grow the businesses. My LinkedIn Profile is here.