Washington state’s job and real estate markets may be in question with a potentially looming U.S. recession – with more than 70% of economists predicting one in 2021, or even sooner.
“I think looking at the last two recessions can give a sense of possible impacts to Seattle and Washington should the U.S. slip into recession,” said Steve Lerch, executive director of the Washington State Economic and Revenue Forecast Council.
Jobs were hit particularly hard during the last two.
The Seattle Metro area lost about 95,000 jobs from December 2007 to June 2009 – with the overall state losing about 186,000 in the same time span, according to Lerch.
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