The payroll data highlights that WA is well and truly on track to meet Treasury's forecast of 1 per cent employment growth this year as forecast in the 2020-21 Mid-year Review. This file contains long-term population, resident civilian labor force, employment and personal income projections for Washington state. We forecast more rough conditions ahead, with a clear need for policies to spark business investment and confidence. Overall, WA will remain one of the most affordable places for home ownership in the country in the new year. October 16, 2020 Joseph Battaglia. When: November The Western Australian (WA) housing market is expected to bounce back in the next 12 to 18 months, according to Urban Development Institute of Australia’s (UDIA) analysis, which was based on three decades of Australian Bureau of Statistics data. The Western Australian economy continues to lead the nation, with forecast growth in Gross State Product revised up from 1.25 per cent in 2020-21 at Budget to 2 per cent at the Mid-year Review - driven by a strikingly strong increase to the domestic economy. The Wheatbelt has displayed strong economic growth over the past 10 years of 8.2% Average Annual Compound Growth Rate. In calendar-year terms, real GDP is forecast to fall by 3¾ per cent in 2020, before increasing by 2½ per cent in 2021. News > Pacific NW Washington’s economic forecast improves slightly. Economy Job growth stronger than expected in October, unemployment rate slides to 6.9% Published Fri, Nov 6 2020 8:30 AM EST Updated Fri, Nov 6 2020 11:10 AM EST We saw 15,608 starts in 2018-19 and forecast this to rise to 16,774 in 2019-20. Tasmania has now been on top for four straight surveys – either shared with another economy or in its own right. HIA is Australia’s leading forecaster of housing construction activity. ... shows WA is in the eye of the storm. Western Australia's economy should recover from the economic hit of COVID-19 quicker than other states, thanks to a stronger than expected price of iron ore, analysts believe. Bellingham, WA; Bremerton-Silverdale, WA And our economics team has their finger on the pulse when it comes to the Western Australian economy. Premier Mark McGowan said WA’s economy was in a better position than forecast at the outset of the pandemic, as a result of “our world … We’ve covered home price trends already. 12/08/2020-Inslee announces new economic supports and extension of restrictions; 09/30/2020-Inslee statement on reports that Boeing intends to move 787 production to South Carolina; 01/22/2020-Washington takes a bite out of the Cosmic Crisp apple; 05/14/2019-U.S. News and World Report: Why Washington is the Best State in America The Economic Forecast annual event features highly-regarded economists who provide their perspectives on the regional, national and global economies, which provides valuable information for businesses making important decisions. Data extracted on: January 26, 2021 Source: U.S. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page. ... August 2020 Report. Vibrant Economy. 2020 will be a year where Australia’s annual GDP will exceed $2 trillion, our population will get very close to 26 million people and we will clock up 29 years with no recession. The equal sixth ranking for NSW is its lowest position for eight years. The economy is forecast The unemployment rate is expected to peak at around 8 per cent in the December quarter of this year, before falling over the next few years as the economy recovers and businesses gain confidence to employ more workers. The second ranking for the ACT maintains its highest ranking for over three years (April 2017). One of the Hottest Housing Markets in the U.S. No matter how you measure it, Spokane is one of the hottest local housing markets in the nation in 2019. 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