“Spokane Economy Not Good, But Getting Better” – KXLY
January 26, 2011 1 Comment
In the Inland Northwest, unemployment is at 9.1 percent, but date shows that an economic recovery is underway.Eastern Washington University Economist Dr. Grant Forsyth says the economy bottomed out early last year. Unemployment in February 2010 was at 11.2 percent in Spokane County and now it’s at 9.1 percent.
I am not sure the unemployment rate means as much as we think it does (if people stop looking for work, the unemployment rate goes down). This chart gives a better picture of whether jobs are available or not and it does suggest a bottoming has occurred.