WWU Center for Economic and Business Research @PugetSoundEF
The Center for Economic and Business Research (CEBR) at Western Washington University. Publishers of the award-winning Puget Sound Economic Forecaster.economicforecaster.com Bellingham, WAJoined December 2018
Third-Quarter GDP Growth Estimate Unchanged. On September 4, the GDPNow model estimate for real GDP growth in the third quarter of 2025 is 3.0 percent, unchanged from September 2 after rounding.
U.S. Imports Rose in July Following Months of Trade Turmoil. Trade rebounded slightly after President Trump’s sweeping global tariffs discouraged foreign countries from doing business with the United States, data released Thursday showed. buff.ly/HTbJAaI
Entry-level, white-collar jobs are particularly vulnerable to getting wiped out by artificial intelligence. A paper by Stanford University researchers found evidence that AI tools already have had a sizeable impact on pockets of the US labor market. buff.ly/6VdlBha
Forecasters expect slower economic growth and stubborn inflation for the rest of the year and well into 2026. Tariffs, lack of consumer savings, increasing debt, rising utility costs, insurance costs and more are limiting discretionary spending.
The nation's international trade deficit in goods and services increased to $78.3 billion in July from $59.1 billion in June (revised), as imports increased more than exports.
July 2025: 32.5° % Change
June 2025 (r): -16.9° % Change
Weekly average occupancy held steady at 52.4% last week, one tenth of a point higher than the previous week, according to the 10-city Back to Work Barometer. buff.ly/pRnkZv8
The summer of tech layoffs doesn’t seem to be coming to an end. Almost 200 Seattle-area tech workers were laid off this week in waves of workforce reductions from business-software maker Salesforce and cloud computing giant Oracle. buff.ly/Y0w20XK
For the first time since April 2021, the number of unemployed Americans has surpassed the stock of available jobs. In July, there were 7.24 million job seekers and 7.18 million open positions, the U.S. Bureau of Labor Statistics reported Wednesday. buff.ly/fPxbn8H
The movie industry faced their toughest summer since the pandemic and honestly in decades as consumers continue to realloacte how and where they choose to spend. buff.ly/ntWh6s0
New orders for manufactured goods in July, down three of the last four months, decreased $7.8 billion or 1.3 percent to $603.6 billion.
July 2025: -1.3° % Change
June 2025 (r): -4.8° % Change
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