Washington State Economy Hits A Milestone | 101 KXL

Washington State Economy Hits A Milestone

Written by Steve Leader on March 5, 2014
Economy

Courtesy: Associated Press

The state of Washington may be able to put the Great Recession in its rear view mirror.  According to the Employment Security Department, the state has regained all the jobs lost since the economic bust.

Sheryl Hutchison, who speaks for the agency, says the improvement is partly because the federal government  underestimated the number of jobs created.  And overestimated the number of jobs lost.

A Washington state economist says the new data shows Washington’s economy is “stronger, and has been stronger,than our monthly surveys have shown.”

An economist for the state of Oregon told FM News 101 that about three-quarters of the jobs lost in Oregon during the recession have been recovered.

Posted Under: Local Headlines

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