Wash. state economist: Signs of recession's end - Spokane, North Idaho News & Weather KHQ.com

Wash. state economist: Signs of recession's end

OLYMPIA, Wash. - The state's chief economist sees more signs that the recession could be nearing an end in Washington. Nationally, many experts say the recession could end later this year.

In a preliminary report released Thursday, the state's Economic and Revenue Forecast Council says the local economy should bottom out at about the same time.

Washington's unemployment rate is currently 9.1 percent. And Forecast Council director Arun Raha says the jobless rate could still peak in the second quarter of 2010, at about 10.6 percent.

Raha's preliminary report also says weak, but positive job growth could resume in Washington in early 2010.

The Forecast Council issues an official economic forecast next month, with more details on the state's economy.

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