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June 2019 Newsletter – Data, Trade and Trends

With thoughts of the long warm days of summer on our minds, we have found ourselves interrupted pondering about the price of avocados and how the latest round of tariff threats that may impact retail sales and the general economy overall. Thoughts of spending time at the lake or river have found us considering stream flows and how the change in our climate may impact all of the people and businesses that rely on water in one way or another. Daydreams of patio and deck BBQs have caused us to reflect on changes in house prices and the sudden growth in sales outside of the King County – is it more commuters or are jobs moving? Will the Seattle to Everett corridor retain its worst traffic in the nation ranking? Evidently, economists are bad at not thinking about things. All of the above is ahead in this edition of the Forecaster plus a better understanding of workforce participation and the state forecast. We will just call it the beach edition.

Volume: 27 - Number: 2

Leading Index Title: Not Yet

Special Topic Title: Stream Flow

Authors:

  • Hart Hodges
  • Josh Grandbouche
  • James McCafferty

Forecast Considerations

It is worth noting that employment has increased more than 20 percent since 2009, with the recovery in its 8th year, and we expect it to last a bit longer. Employment growth has been much stronger in the Service Providing sectors, especially Professional and Technical Services and Information, than in the Goods Producing sectors. Still, we've seen widespread growth and some indicators suggest the region has been the fastest growing big city in the U.S. this decade. A question we're being asked more and more is, when will it end?

Volume: 26 - Number: 3

Leading Index Title:

Special Topic Title: Forest Fires

Authors:

  • Hart Hodges
  • James McCafferty