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Monthly Updates

In order to promote the free flow of information the agency distributes a monthly Economic and Revenue Update.

The staff of the Economic and Revenue Forecast Council prepares a publication to update the members of the Council and the Work Group on current conditions.

RCW 82.33.040 requires the agency to provide revenue collection information the first business day following the conclusion of each collection period (currently 10th of each month, however this will be changing in the fall of 2017).

This page will include these monthly reports for the current forecast period. The forecast is revised each quarter.

Highlights bar

  • U.S. labor markets added 211,000 net new jobs in April.
  • U.S. real GDP grew at a weak 0.7% (SAAR) in the first quarter.
  • Nationally, average hourly earnings continued a trend of modest growth, increasing seven cents in April.
  • Seattle home prices continue to rise very rapidly.
  • Washington real GDP was significantly higher than the national average in 2016.
  • Major General Fund-State revenue collections for the April 11 - May 10, 2017 collection period came in $52.3 million (3.5%) above the March forecast.
  • Cumulatively, collections are now $44.4 million (1.6%) higher than forecasted.




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