Kriss Sjoblom

State tax collections exceed forecast

Yesterday’s monthly report from the state’s Economic and Revenue Forecast Council (ERFC) on general fund revenue collections once again showed revenues significantly above forecast. This is in spite of the large upward revision to the forecast that the ERFC made just a month ago. For the sales tax, the use tax, the business and occupation […]

In Washington 17,281 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 22,322 initial claims for unemployment insurance during the week ending April 10. Of this total, 17,281 initial claims were filed under the regular state unemployment insurance program; 2,249 claims were under the federal pandemic […]

In Washington 11,863 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 16,899 initial claims for unemployment insurance during the week ending April 3. Of this total, 11,863 initial claims were filed under the regular state unemployment insurance program; 2,102 claims were under the federal pandemic […]

In Washington 11,445 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 17,012 initial claims for unemployment insurance during the week ending March 27. Of this total, 11,445 initial claims were filed under the regular state unemployment insurance program; 2,384 claims were under the federal pandemic […]

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

Here are updates of two charts I have previously posted regarding income and consumer spending during the COVID-19 recession, including new numbers for February and revisions to numbers for prior months. As a result of the $900 billion federal relief package enacted in late December, personal income rose 10.1% from December to January. Consumer spending […]

In Washington 11,398 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 18,654 initial claims for unemployment insurance during the week ending March 20. Of this total, 11,398 initial claims were filed under the regular state unemployment insurance program; 3,383 claims were under the federal pandemic […]

In Washington 11,699 filed initial claims for regular unemployment insurance last week

Yesterday morning the state Employment Security Department (ESD) gave its weekly report on unemployment insurance claims. ESD reported a total of 18,970 initial claims for unemployment insurance during the week ending March 13. Of this total, 11,699 initial claims were filed under the regular state unemployment insurance program; 3,041 claims were under the federal pandemic […]

Happy days are here again, forecast of state revenues increased

At its quarterly meeting today, the state Economic and Revenue Forecast Council (ERFC) updated its forecast of state revenues. This new forecast adds nearly $3.3 billion to the amount available over the remainder of the current biennium and the next biennium. In recent years, budget reports from legislative fiscal committees have typically rolled up three […]

State tax collections again exceed forecast

Today’s monthly report from the state’s Economic and Revenue Forecast Council (ERFC) on general fund revenue collections once again brought good news. 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 receipts), this report covers payments […]

In Washington 11,760 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 17,844 initial claims for unemployment insurance during the week ending March 6. Of this total, 11,760 initial claims were filed under the regular state unemployment insurance program; 2,354 claims were under the federal pandemic […]