If it seems like every time we get some good news about the local economy, it ends up getting drowned out in bad, that's because
If it seems like every time we get some good news about the local economy, it ends up getting drowned out in bad, that's because that's what happens. Earlier this week, Quadrant homes, the state's biggest homebuilder, announced that it was ramping up new construction, perhaps signaling that the local economy is on the upswing. But lest we raise our hopes too high, here are a couple of not-so-fun facts announced in the last day: Local foreclosures are up in the first half of 2009, and the Seattle area's unemployment rate jumped from 8.5% in May to 9.3% in June (pdf).
Consolation #1: Both foreclosures and unemployment are less of a problem here than most places.
Consolation #2: Quadrant is ramping up new construction.
Consolation #3: Harold and Kumar singing Wilson Phillips' Hold On: