Microsoft, Boeing boom – why is Washington state sick?
Boeing is building planes, Microsoft is making record profits and the state’s farmers are doing pretty well.
So why is Washington’s economy still stuck, causing the state to revise its revenue forecast downward by $1.4 billion?
Arun Raha, executive director of the Economic and Revenue Forecast Council, said Thursday the fact that the construction industry is still on life support is contributing to the continued economic woes, as well as the fact that state unemployment remains above 9 percent.