Washington

WBC Forecast Table

Washington

Forecast Released February 1, 2012

2012 Forecast
	Annual Percent Change 2012 from 2011
	Current $ Personal Income	Retail Sales	Wage & Salary Empl.	Population Growth	Single-family Housing Permits
Conerly Consulting	4.9	5.0	2.9	0.8	8.2
Dick Conway & Associates	4.7	5.3	1.4	1.1	7.0
Doug Pedersen & Associates	5.0	5.5	2.5	1.2	15.0
Office of the Forecast Council	2.8	3.8	1.2	1.1	-14.8
Wells Fargo & Company - MN	5.2	4.9	1.5	1.2	7.0
Consensus - This Month	4.5	4.9	1.9	1.1	4.5
Consensus - Last Month	4.5	4.9	1.9	1.1	4.5

2013 Forecast
	Annual Percent Change 2013 from 2012
	Current $ Personal Income	Retail Sales	Wage & Salary Empl.	Population Growth	Single-family Housing Permits
Conerly Consulting	5.6	5.0	3.1	1.0	17.5
Dick Conway & Associates
Doug Pedersen & Associates
Office of the Forecast Council
Wells Fargo & Company - MN	5.4	5.1	1.9	1.3	10.0
Consensus - This Month	5.5	5.1	2.5	1.2	13.8
Consensus - Last Month	5.5	5.1	2.5	1.2	13.8

Washington Update and Outlook

Based on BLS estimates, from December 2010 to December 2011, Washington job gains totaled 29,600. The private sector added an estimated 37,900 jobs over the year, and the public sector lost an estimated 8,300 jobs.

Washington’s preliminary seasonally adjusted unemployment rate for December 2011 fell to 8.5 percent. The preliminary November unemployment rate of 8.7 percent was unchanged. The December 2010 rate was 9.3 percent.

Washington State Employment Security Department
http://www.workforceexplorer.com/