Washington Research Council

Kriss Sjoblom

December 27 , 2021 - Kriss Sjoblom

Update on personal income, consumer spending and saving rates during the COVID-19 recession

Here are updates of charts I have posted monthly regarding national income and consumer spending during the COVID-19 recession, including new numbers for November and revisions to numbers for prior months. Personal Income in November was 0.4% greater than in October and 13.6% less than the peak reached in March, which was boosted by the […]


December 16 , 2021 - Kriss Sjoblom

December report on state tax collections

The monthly report on general fund revenue collections from the state’s Economic and Revenue Forecast Council (ERFC) was issued yesterday afternoon. Yet again, the report shows overall revenues above forecast. For the sales tax, the use tax, the business and occupation tax, the public utility tax, the tobacco products tax, and penalties and interest (collectively […]


December 13 , 2021 - Kriss Sjoblom

Labor force participation

The labor force participation rate is the ratio between the number of people who are working or who say they are looking for work and the noninstitutional population age 16 or older. The participation rate’s behavior during and after the Covid-10 recession was unlike that during and after any other recession in the post-World War […]


November 24 , 2021 - Kriss Sjoblom

Update on personal income, consumer spending and saving rates during the COVID-19 recession

Here are updates of charts I have posted monthly regarding national income and consumer spending during the COVID-19 recession, including new numbers for October and revisions to numbers for prior months. Personal Income in October was 0.5% greater than in September and 13.9% less than the peak reached in March, which was boosted by the […]


November 19 , 2021 - Kriss Sjoblom

Forecast of state revenues increased

At its quarterly meeting today, the state Economic and Revenue Forecast Council (ERFC) updated its forecasts of state revenues. These new forecasts add more than $1.9 billion to the amount available over the current and next bienniums. Budget reports from legislative fiscal committees typically roll up four accounts: the general fund–state, the education legacy trust […]


November 16 , 2021 - Kriss Sjoblom

November report on state tax collections

The most recent monthly report on general fund revenue collections from the state’s Economic and Revenue Forecast Council (ERFC), which was issued yesterday afternoon, once again shows overall revenues above forecast. This is getting to be boring For the sales tax, the use tax, the business and occupation tax, the public utility tax, the tobacco […]


November 15 , 2021 - Kriss Sjoblom

Here’s a chart

During the first 9 months of the Covid-19 downturn, April–December 2020, Washington state’s tax revenue performance ranked 7th best among the states according to data from the Urban Institute. The state’s relatively strong revenue performance is directly related to its relatively strong economic performance. Over this period, the state ranked 4th in gross domestic product […]


October 29 , 2021 - Kriss Sjoblom

Update on personal income, consumer spending and saving rates during the COVID-19 recession

Here are updates of charts I have posted monthly regarding national income and consumer spending during the COVID-19 recession, including new numbers for September and revisions to numbers for prior months. Personal Income in September was 0.1% less than in August and 15.1% less than the peak reached in March, which was boosted by the […]


October 15 , 2021 - Kriss Sjoblom

October report on state tax collections

The monthly report on general fund revenue collections from the state’s Economic and Revenue Forecast Council (ERFC), which was issued this morning, shows overall revenues above forecast. For the sales tax, the use tax, the business and occupation tax, the public utility tax, the tobacco products tax, and penalties and interest (collectively the Revenue Act […]


October 07 , 2021 - Kriss Sjoblom

In Washington 4,814 filed initial claims for regular unemployment insurance last week

This morning the state Employment Security Department (ESD) gave its weekly report on unemployment insurance claims. ESD reported a total of 5,913 initial claims for unemployment insurance during the week ending October 2. Of this total, 4,814 initial claims were filed under the regular state unemployment insurance program; 724 claims were filed under the federal […]