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03/16/2010

Economy Still Sputtering as Joblessness Rises in February

In today's Seattle Times, Drew DeSilver reports that February was a cruel month, with job losses offsetting the gains posted in January.

Employers in the state cut 8,300 payroll jobs in February, following an 11,100-job gain in January that itself was revised down from the figure first reported two weeks ago.

The state's unemployment rate rose to a seasonally adjusted 9.5 percent in February, from 9.3 percent in March — only slightly better than the 9.7 percent national jobless rate.

Here's the Employment Security Department report.

And TNT reporter Peter Callaghan notes that the March revenue report showed a slight decline.

We're still in a tough environment. With lawmakers planning an $800 million tax hike, it's about to get worse. Minor jobs bills, particularly those that rely on massive increases in state spending, won't undo the damage.

The Yakima Herald-Tribune editorial board is fed up, and speaks for many.

Instead of making systemic reforms to how this state is run and pays for its priorities, the Legislature, led by the Democratic majority, has stuck to spending models that have remained unaltered despite coming into this session with a $2.8 billion shortfall.

...Don't expect lawmakers to suddenly mend their ways during this special session. Taxes will rise, spending will increase and the next budget shortfall will be set in motion.

Don't make it easy for them. Call your lawmakers now, or take action through the WashACE website.

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