by Kevin Schofield
This weekend’s “long read” is the Washington State Economic and Revenue Forecast Council’s report from last week on how the economic recovery is going, both nationally and locally. In short: “It’s complicated.”
There is no one metric that gives us a perfect read on the economy; it is very much a multifaceted creature. Economists often start by looking at industrial production, employment, and consumer confidence, and the report definitely includes those, but it provides interesting, insightful charts on several other measures as well, including personal income, home prices, oil prices, and inflation.