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Your guide to the latest news from around the Northwest

December 5, 2011 at 2:04 PM

Live chat about the Great Recession's toll at noon Tuesday

For most of us, Washington’s economy has never been this bad. Since the mortgage bubble popped, we’ve lost more jobs faster, and recovered more slowly, than at any time since the Second World War. That includes iconic slumps such as the Boeing Bust, the early-’80s double-dip and the dot-com crash barely a decade ago.

As these charts and graphs show, the recession has fallen hardest on people in the lower-middle and working classes — folks who were just getting by or maybe starting to make some headway when the bottom fell out. Statistics can’t capture the pervasive sense of economic dislocation the slump has engendered. But they can at least help us understand what’s happening and to whom. — Drew DeSilver / The Seattle Times

Below is a chat about the Great Recession and its effects on the Northwest with Seattle Times business reporters Drew DeSilver, Sanjay Bhatt and local economist Dick Conway in a live chat at noon Tuesday. We talked about who has been affected by the downturn, where the jobs are and aren’t, and what the outlook is going into 2012.


Dick Conway is a Seattle economist specializing in regional forecasting and analysis. He is co-publisher of The Puget Sound Economic Forecaster and a member of the Washington State Governor’s Council of Economic Advisors.

Drew DeSilver writes about the Northwest economy and corporate finance for The Seattle Times. He gathered jobs figures for the charts comparing different recessions over the past six decades, and analyzed recent job gains and losses by wage level.

Sanjay Bhatt writes about banks and the economy for The Seattle Times. For this project, he helped conceptualize the storyboard of charts about the recession’s toll and collected data on unemployment benefits, on calls to King County’s 211 line for financial help and on bank-owned home sales in King County.

Comments | More in Business/Technology, Live chats | Topics: becky bisbee, depression, dick conway

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