Our monthly economic report for October 2024 shows:

• Between September 11 and October 10, 2024, Washington’s revenue collections exceeded the forecast by 3.2%.
• Personal income rose by 5.1% in Q2, reaching $665.4 billion, with a 7.3% year-over-year increase from 2022, ranking the state 3rd in the U.S. for income growth.
• Although total nonfarm employment declined by 2,000 jobs in September, the information, construction, and manufacturing sectors added jobs.
• Meanwhile, Seattle home prices rose for the fourth consecutive month, and new vehicle registrations grew 4.8%, marking a continued upward trend.

Check out the full report for more insights on Washington’s evolving economy:

• October 2024 Washington Monthly Economic Report [PDF]