Seattle Economy

Prepare for more sacrifice ahead in the battle against the coronavirus, but don’t let dread of the future paralyze you in the present

Prepare for more sacrifice ahead in the battle against the coronavirus, but don’t let dread of the future paralyze you in the present

Washington state also ranks second in the U.S. for job growth, and the city and state both rank well for wage growth, as well. 

Tied with San Francisco for best in the nation, Seattle's wages grew 2.1 percent from October 2016 to October 2017.

President Trump’s “skinny budget” proposal slashes appropriations for dozens of domestic programs that feed money to cities. Federal transportation, housing, environmental, education and law enforcement funds are just some of the revenue line items that are built into Seattle’s city budget and are at risk.

The region’s ‘economic base’ model sees an eventual cooling of the recent rapid expansion, more in line with the current national trend.

After a brutal year, local leading economic indicators are pointing upward, and the next decade looks even more promising.