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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

Category: Pacific Northwest economy
January 12, 2015 at 10:42 AM

Tracking Oregon’s recovery, in one chart

The Oregon Office of Economic Analysis has produced this nifty chart to track how the state has recovered from the depths of the Great Recession using 39 separate indicators. As the chart shows, Oregon has recovered 100 percent in such areas as total jobs, state gross domestic product and exports. On the other hand, like…


Comments | More in Pacific Northwest economy | Topics: Oregon economy, Oregon unemployment

December 29, 2014 at 9:59 AM

How the Northwest is faring in personal income

As the map shows, the Northwest turned in very different results in personal income growth for the third quarter. Washington was hot. The other states not so much. The report was released earlier this month from the federal Bureau of Labor Statistics. Looking at sectors, Washington had the biggest jump in information earnings at 5.5…


Comments | More in Pacific Northwest economy | Topics: Alaska economy, Idaho economy, Oregon economy

November 20, 2014 at 10:27 AM

Metro income growth hits the brakes

Growth in per-capita personal income (PCPI) for Seattle-Tacoma-Bellevue slowed to 1.1 percent last year after turning in a blistering 6.3 percent rise in 2012. We ranked 223 out of about 370 metros, according to the U.S. Bureau of Economic Analysis. The national average was a 2 percent increase. Still, at $55,190 we were well above…


Comments | More in Pacific Northwest economy | Topics: Northwest economy, Personal income, Seattle economy

September 18, 2014 at 10:24 AM

State’s income stagnant in 2013, poverty rises

First the good news: Washington’s median household income remains above the national average. The bad: It barely moved from 2012 to 2013. This information comes from a Census Bureau data dump today that also showed Seattle with the largest rent increase among major cities. That fits because Seattle-Tacoma-Bellevue saw its median household income rise…


Comments | More in Pacific Northwest economy | Topics: Household income, inequality, poverty

September 16, 2014 at 10:10 AM

Seattle GDP posts strong showing

Gross domestic product for Seattle-Tacoma-Bellevue totaled nearly $285 billion in 2013, making us the 11th largest metro in the nation by output. Growth was also relatively strong at 2.4 percent. By comparison, GDP adjusted for inflation for all 381 metro areas in the nation was only 1.7 percent. Still. it was slower than the 4.7 percent…


Comments | More in Pacific Northwest economy

August 25, 2014 at 10:37 AM

Yes, we’re still shipping logs

Logging is the most legacy of the Pacific Northwest’s legacy industries, but it’s still here, especially thanks to the appetite from Asia. According to a recent report by the North American Wood Fiber Review, North American log exports in the first quarter were 14 percent higher than the same period in 2013. The U.S. Northwest…


Comments | More in Pacific Northwest economy | Topics: logging, Plum Creek Timber, Weyerhaeuser

August 7, 2014 at 10:28 AM

Washington’s strong ‘consumer’ economy

The federal Bureau of Economic Analysis today released its first deep dig into state-by-state personal consumption expenditures going back to 1997. Washington turns in the strong performance one would expect from a prosperous state with a diverse economy. For example, per-capita expenditures here grew 3.6 percent from 2011 to 2012 vs. the national average of…


Comments | More in Consumer spending, Pacific Northwest economy

July 14, 2014 at 10:49 AM

Washington exports up in 2013 while Northwest flattens

Last week, I reported on how the region’s exports seem to be performing (very well) through May of this year. Now we have the official trade data for last year from the International Trade Administration of the Commerce Department. Washington clocked in $81.6 billion in exports compared with $75.7 billion in 2012. The nearly 8…


Comments | More in Pacific Northwest economy, Trade | Topics: Washington exports, Washington trade

July 1, 2014 at 10:42 AM

Forty years of progress — or not

To the ongoing argument/search to understand how American opportunity has changed in recent decades, I recommend a new report from the groups Measure of America and Opportunity Nation. They take 16 metrics from 1970 to 2010 to give a deeper understanding of where the nation has made gains or faced headwinds. The Historical Report Opportunity Score…


Comments | More in Income/living standards, Pacific Northwest economy

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