Kriss Sjoblom

Monthly employment report showing state lost 8,100 jobs is likely to be revised

The state Employment Security Department (ESD) issued its employment report for October yesterday. It is estimated that  seasonally adjusted employment in Washington fell by 8,100 from September to October. This followed an estimated 1,400 decline from August to September. The estimated seasonally adjusted unemployment rate for the state was 6.9 percent in September and 7.0 […]

The State Budget Outlook Work Group issued a new budget outlook today

The Economic and Revenue Forecast Council today approved an updated Outlook for the state budget prepared by the state budget outlook workgroup. The Outlook extends through the 2015-17 biennium and covers a roll-up of three state accounts: the general fund-state, the education legacy trust account and the opportunity pathways account. The new Outlook incorporates preliminary […]

Small increase to state revenue forecast

The state Economic and Revenue Forecast Council meet today and updated its forecast of state revenues. On an apples-to-apples basis, ERFC increased the estimate of revenues for the completed 2011-13 biennium by $9.1 million and increased the forecast of revenues for the current 2013-15 biennium by $16.0 million. $10.5 million of the latter figure results […]

State revenue forecast will be updated tomorrow

The Economic and Revenue Forecast Council will update its forecast of state revenue tomorrow. The collections report for the October 11 to November 10 period that was issued last Tuesday (November 12) showed collections were $48.4 million (3.9%) greater than expected under the forecast adopted in September.  Early property tax payments contributed $21.7 million of […]

State revenue: September 11 to October 10 collections beat forecast by $9.8 million

The Economic and Revenue Forecast Council issued its monthly Update this morning. Here are the key bullets on state revenue collections from the summary: Major General Fund-State revenue collections for the September 11 – October 10, 2013 collection period were $32.3 million (2.9%) higher than the September forecast. The forecast included a $22.5 million refund […]

More on the revenue forecast

Here’s a follow-up to Dick’s post on yesterday’s revision to the official state revenue forecast by the Economic and Revenue Forecast Council (ERFC). Under the new forecast, predicted general fund-state revenue over the 2011-13, 2013-15, and 2015-17 biennia is $771 million greater than under the previous forecast, which the EFRC issued on June 18. The […]

State revenues exceeded forecast by $65 million during August 11 to September 10 collection period

The economic and revenue forecast council’s monthly Economic & Revenue Update brought more good news today. Here is the key bullet point regarding revenue from the summary: Major General Fund-State revenue collections for the August 11 – September 10, 2013 collection period were $65.0 million (6.0%) higher than the June forecast. For the three collection […]

New policy brief: Washington Cargo Rides the Rails

We have posted a new policy brief titled Washington Cargo Rides the Rails. This is the third part of our Trade and Transportation series. The brief can be downloaded through this link.

New policy brief: Export Activity Boosts Washington’s Economy

We have posted a new policy brief titled Export Activity Boosts Washington’s Economy. The brief can be downloaded through this link. This is the second brief in our series Trade and Transportation.

Preliminary estimates: state gained 8,800 jobs from June to July, July unemployment rate was 6.9 percent

The state employment security department (ESD) released the monthly employment report today. The preliminary estimates are that the state added 8,800 jobs (seasonally adjusted) between June and July and that the unemployment rate in July was 6.9 percent (seasonally adjusted). The estimate of the number of jobs added from May to June was increased from […]