The good news is that unemployment is dropping, finally, and the revenue forecast that just came out on February 16th shows that consumer confidence, spending, and revenue are up. Our state's Economic and Revenue Forecast Council has projected that in the next biennium we will see a 6.6% increase in our economy and revenue, which is a dramatic improvement over the last several years. This improvement is due, in part, to Boeing's announcement that the new 737 MAX will be produced here in Washington State, resulting in tens of thousands of new jobs in the next couple of decades. For each job at the Boeing Company, five additional jobs will be created with subcontractors and suppliers in our area.
Although the current economic crisis is not over, things are looking much better than they have in quite a while. I am pleased to see this positive trend and am looking forward to an improved economy and job prospects for folks in the 31st District in the next year.