economy

Andreas Klinke Johannsen / Flickr

The unemployment rate in Washington state is holding steady at 6.1 percent according to the latest numbers out Wednesday from the state Employment Security Department. 

Port of Seattle

Pacific Northwest travelers will get ringside seats to see if two airlines can be partners and rivals at the same time. One of those "frenemies" - if you will - is Seattle-based Alaska Airlines. And in the other corner is Delta Air Lines. The two are long-term contractual allies. But the relationship is being tested.

Seattle has become the first city in the country to establish a $15 an hour minimum wage. The City Council voted Monday to enact the new law, which was the result of months of negotiations.

It represents a 60 percent increase from the current state minimum wage, which at $9.32 an hour is the highest in the country.

Proponents say it’s a first step towards closing the rising income gap between rich and poor. Some businesses say they will go to court to fight it. KUOW’s Deborah Wang reports.

Oregon Revenue Forecast Up As Job Growth Continues

May 28, 2014
M.O. Stevens / Wikimedia

Oregon's economy still hasn't recovered to pre-recession levels. But state economists told lawmakers Wednesday that job growth is driving an expected increase in tax revenue for the state.

mr_jeffreed / Flickr

New housing starts are a key economic indicator. But not all new houses are created the same. A new report issued Friday shows that Oregon and Washington are following a national shift away from single family homes towards more apartment complexes.

Elected officials in Seattle heard an earful Tuesday night about a proposal to raise the minimum wage in the city to $15 an hour. Dozens of people testified before a Seattle City Council public hearing.

Picture a cozy cafe. At a small table, an economics professor from Paris is chatting with a wealthy businessman from New York.

As they sip coffee, they discuss economic history, and often nod and agree.

Then, as they stand to leave, each states a conclusion drawn from their conversation. But what they say is exactly, completely opposite.

One says economic history proves governments must impose very heavy taxes to break up concentrations of wealth. The other says governments should cut taxes to encourage wealthy people to pursue even bigger profits.

Nick Lantz speaks from the failed and fallen heart of middle-class Americans, the everyday folks whose lives and bank accounts were gutted when the housing bubble burst. What does that heartbreak look like? Deeper and uglier than plunging stock market charts and foreclosure signs, and more personal. Welcome to an America in which ambition is turned upside down, where someone is likely to say, when asked what he's doing for work these days, "you know those cracks people fall through?/ We're the crack regulators, we keep/ those cracks up to code."

According to a National Park Service report, towns around national parks lost an estimated $414 million during the partial government shutdown last October.

Amber Trillo / Flickr

Washington Speaker of the House Frank Chopp supports a minimum wage hike. But he says the issue wasn’t ready for a vote on the House floor this year. The Democrat made his comments Friday in a rare meeting with the capitol press corps.

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