When Will the Recession Be Over?

Posted by Jeff Chapman at May 28, 2009 11:05 AM | Permalink

Filed under: State Economy

According to the Economic and Revenue Forecast Council, the end of the recession is in sight--as early as later this year. That's good news.

However, the end of the recession only means the economy as a whole will be growing again. It will take some time before the labor market rebounds. According to the Forecast Council, the unemployment rate in Washington will rise through the third quarter of 2010 and then only drop slightly.

The green line below shows one measure of the size of the state economy--personal income (an estimate of the total income received by all Washingtonians from all sources), adjusted for inflation. The purple line shows the projected unemployment rate.

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The State of Washington’s Children 2012 is a broad review of how Washington’s 1.5 million kids are faring in tough times. The report is issued by KIDS COUNT in Washington, a new partnership we formed with Children’s Alliance to improve young lives in Washington. Download the report.

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