According to the latest data, it looks like the state economy is slowly catching up to the unwinding national economy. More than 3,000 jobs were lost in Washington last month, pushing the unemployment rate to 4.9 percent, up from a near record low of 4.5 percent in February, the Employment Security Department said Tuesday. The…
Tag: Economy
Bill Virgin: Homeownership has been oversold
Over at the P-I earlier this week, Bill Virgin chimed in on the housing mess again with yet another well-reasoned column: Homes are good investments, not slot machines or ATMs. In the great American sport of finger pointing and blame shifting, a new villain has emerged to explain the mortgage-finance crisis. The fault, it turns…
Seattle Clearly At Risk in Credit Retraction
Speaking of the economy, here’s a headline I never expected to see in The Seattle Times, let alone above the fold on the front page of the Sunday paper: I guess this is a surprising discovery for some people—something that is considered big news. Here are some choice excerpts from the article: “If things get…
Poll: National Credit Crisis / Economic Crunch: Which Inning are We In?
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Washington Job Market Still Growing Slowly
Here’s the latest on the state economy. Everything’s coming up roses, it would seem. Washington continued to defy the multiple drags on the U.S. economy in February, as state payrolls added 3,500 jobs and the unemployment rate held steady at 4.5 percent. “We’re really different from the national economy at this point,” said Evelina Tainer,…