September Economic Forecast Update
Heading into the fourth quarter of the 2018 calendar year, here’s what the state Economic Forecast and Revenue Council has to say about the overall health of our economy.
At the national level, GDP saw a slight uptick from 4.1 to 4.2% during the second quarter, followed by a net increase in 201,000 jobs during the month of August. New unemployment filings dropped by 204,000 in the week ending September 8th, the lowest since 1969.
Here in Washington, employment growth was stronger than expected, with 6,000 more jobs being generated, taking into account seasonal fluctuations, than was expected than in the June forecast. Similarly, General Fund State revenue grew 4.8% during August – September than projected.
Read the numbers and check out the graphs at the Revenue and Economic Forecast Council webpage.
Temporary Road Closure in Overlake Area
Sound Transit contractors will temporarily close the intersection of 148th and SR 520, on the evening of Wednesday, September 19th and Thursday the 20th, 11 PM through 5 AM, ending on Friday morning, September 21st.
Nightly Closures in Bel-Red
Beginning Monday, September 24th, be prepared for nightly intersection and roadway work in the Bel-Red Area, in preparation for East Link operations between the Spring District and Bel-Red/130th Stations. Expect closure of 136th Place NW between Spring Blvd and Northeast 20th Street, as well as a detour at the intersection of NE 20th and 136th Place.
Work will occur overnight between 8 PM and 6 AM, and should be complete by Friday, September 28th. For additional information, visit the East Link project webpage.