Jon Talton wrote a great article for the Times a few days ago that goes deeper than the usual “Boeing! Microsoft! Pink Ponies!” type articles and explores all the ways the Seattle region is exposed to the slowing economy: For local economy, it’ll be a long slog. …the national slowdown is finally hitting the Puget…
Tag: Local Economy
Local Unemployment On the Rise (Wait, Still?)
The last time we checked in on unemployment data for the Seattle area, local data was rapidly catching up to national stats, with statewide unemployment jumping from 4.7 percent in April to 5.3 percent in May, and Seattle-area unemployment bumping up seven-tenths of a percent to 4.1 percent. Well, it didn’t take long for Washington…
Washington State’s Economy: Gregoire vs. Gregoire
February, 2008: Gov. Chris Gregoire, at a Seattle economic forum Thursday, boasted she has found that Washington is “literally the envy of other states.” “I ask all of us to make sure that we do not buy into, or even for that matter, listen to, the dire talk internationally and nationally, because it can become…
Link Roundup: Incentives, Economic Woes, Alt-A, and More
Here are a few stories from the last week or so that are worth pointing out. First up a TV report from KOMO News: “Open House” — sign of the times in Snohomish County Real estate agents in Snohomish County are now resorting to a “shock treatment” for slouching home sales in their area. Realtors…
Local economic news looking like national headlines
There were a couple of stories in the Seattle Times over the weekend pertaining to the health of the local economy. The first was an article on the commercial real estate market, highlighting a forecast for falling rents. Commercial real-estate brokers James Keating and Sean Barnes have one word of advice for their clients looking…