The Gardner Report – Second Quarter 2017

Economic Overview The Washington State economy has been expanding at a rapid pace but we are seeing a slowdown as the state grows closer to full employment. Given the solid growth, I would expect to see income growth move markedly higher, though this has yet to materialize. I anticipate that we will see faster income … Continue reading The Gardner Report – Second Quarter 2017

The Gardner Report – First Quarter 2017

Economic Overview I’m happy to report that Washington State continues to add jobs at a steady rate. While the rate of growth is tapering, this is because many markets are getting close to “full employment”, during which time growth naturally slows. That said, I believe that the state will add around 70,000 jobs in 2017. … Continue reading The Gardner Report – First Quarter 2017

The Gardner Report – Fourth Quarter 2016

Economic Overview Washington State finished the year on a high with jobs continuing to be added across the market. Additionally, we are seeing decent growth in the area’s smaller markets, which have not benefitted from the same robust growth as the larger metropolitan markets. Unemployment rates throughout the region continue to drop and the levels … Continue reading The Gardner Report – Fourth Quarter 2016

The Gardner Report – Third Quarter 2016

Economic Overview Annual employment growth in Washington State slowed somewhat in the third quarter of this year, but still remains well above the long-term average. Additionally, the jobs that are being created are primarily quality, high-paying positions, which is important for the health of our economy. Unemployment in the state remains at levels that are … Continue reading The Gardner Report – Third Quarter 2016

The Gardner Report – Second Quarter 2016

Economic Overview Washington State continues to see strong employment growth, outpacing national numbers with an annual rate of more than 3%. Interestingly enough, despite these substantial job gains, the unemployment rate remains stubbornly high at 5.8%. However, I’m not overly concerned about this because it’s largely due to a growing labor force rather than a … Continue reading The Gardner Report – Second Quarter 2016