News

Local economist sees small increases over next year

Local economist sees small increases over next year

Photo: clipart.com

KGMI News Reporting
By Tracy Ellis

BELLINGHAM, Wash. – No one knows exactly what will happen with Whatcom County’s economy for the next 12 month, but local economist Hart Hodges has a pretty good idea.

He spoke at a Bellingham/Whatcom County Chamber of Commerce’s speaker series event yesterday.

“Locally, we are not back in the labor market to where we were at the peak before the 2008-09 recession.”

He sees a 1.5 percent increase in employment.

“Information, professional technical services, management of enterprises – those sectors are some of the fastest growing sectors in a number of the major metro areas across the county.  They are the highest wage growth sectors. ” 

Whatcom County doesn’t have many of those jobs.

That’s part of the reason why he expects wages to rise just a little bit above inflation.

He thinks retail will be up a modest 2 percent, with no significant change in the exchange rate or border crossings

Hodges says housing prices are already well above the national average and he doesn’t believe they’ll go much higher.

Recent Headlines

in National, World

Iran nuclear deal now backed by 31 senators

Fresh
IRAN

President Barack Obama is a step closer to having sufficient backing to ensure the deal stands.

in National

10 FOR TODAY: Monday, Aug. 31

Fresh
miley

Your daily look at the stories that will be talked about today.

in Entertainment

‘War Room’ Stuns With $11M, Zac Efron’s ‘We Are Your Friends’ Tanks

Fresh
20-overlay14

The box office underwent a religious conversion this weekend as Christian crowds flocked to "War Room," lifting the low-budget salute to prayer above the Zac Efron drama "We're You're Friends" and the Owen Wilson thriller "No Escape."

in Entertainment

Prolific horror filmmaker Wes Craven dead

Fresh
19-overlay13

Craven, who was also behind the 1990s horror hit "Scream," died surrounded by his loved ones at his Los Angeles home after suffering from brain cancer.

in Entertainment

Today in entertainment history: Aug. 31

JACKSON

A walk down Hollywood's memory lane.