Market Report – December 2008
I’ve sat down to write my report a couple of times, but each time was whipsawed by national news that came too fast for me to digest and report…let alone comprehend.
Thurston County life seems not to have changed as much as seems to be reported in other places. I do hear that some businesses are reporting slower sales, although our unemployment is less than the national average and we still have some job creation to partially offset the losses. Local jurisdictions will have to make do with less sales tax revenue from construction, real estate sales as well as retail sales. Thurston County has been caught flat footed behind the eight ball. Commissioners were dozing on automatic pilot and didn’t make a course correction when conditions changed. Will new blood improve their foresight and reaction time?