Washington Public Sector Labor Negotiations Blog
Trends and Developments Concerning Washington Public Labor Contracts
By Jim Cline and Kate Kremer
The just-released June CPI numbers show that inflation continues to be low. The Seattle CPI-W index came in at 1.2% up 1/10 of a percentage from April but down from 2.7% from last June. The All-Cities index came in at 1.8%, up from 0.9 in April and slightly up from last June’s 1.6%. This graph shows the movement over the past year.
By Jim Cline
The just-released home sales data indicates some continued improvement in the local housing market. This is also a good sign of a broader recovery not only of the Seattle area economy, but possibly a statewide recovery. As we recently reported, the Washington State Economic and Revenue Forecast Council continues to indicate that the Washington State economy is recovering at a somewhat stronger rate than the national economy.
By Jim Cline
The March 2013 report of the Washington State Economic and Revenue Forecast Council identifies the continued mixed economic signals from both the National and State economy. The key findings of the Council for the National economy included:
