Building Our Economic Future . . . On a Strong Foundation of Past Performance

In the past five years, our Kitsap Economic Development Alliance directly assisted business clients over                  600 times, impacting 30,000 local jobs, and influencing nearly $2B in capital investment in Kitsap by KEDA’s clients. These are more than numbers: our efforts influence the local economy and quality of life for every child, woman, man, employee and employer in our community. We are all impacted by our […] Read more »

God Bless Kitsap . . . Every Man, Women and Child

John Powers for the KPBJ Six Thousand Two Hundred Dollars for every child, woman, and man in Kitsap County – that is the United States Department of Defense direct annual investment in Naval Base Kitsap’s multiple missions. The DOD’s annual spend in Kitsap exceeds $1.6B which amounts to over $6,000 per Kitsap resident, and nearly fifty percent of our local economic output making Kitsap the […] Read more »

Taxable retail sales increase in 2015

OLYMPIA, Wash. (AP) — Washington state revenue officials say taxable retail sales in 2015 topped $135 billion. That was an 8.4 percent increase over 2014. The retail trade sector helped drive the increase. Those sales jumping 5.9 percent to nearly $60 billion. The construction sector also rose significantly in 2015, with $24.5 billion in taxable sales. Sales of vehicles and parts hit $14.9 billion last […] Read more »

US economy ends 2015 on better note, starts 2016 with a bang

By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — The U.S. economy got a double dose of good news Friday. Economic growth in the final three months of 2015 didn’t slow as much as previously estimated, and consumers roared back to life in January, spending at the fastest clip in eight months. The Commerce Department said that consumer spending increased 0.5 percent last month, the […] Read more »

Economic growth likely to last years, expert says

CHRIS TUCKER,  Central Kitsap Reporter Editor  BREMERTON — Economist John Mitchell is bullish on the local, state and national economy. Mitchell said that the economy as of January 2016, was extraordinary and exciting, with unemployment at 5 percent and the inflation rate less than 1 percent. “Not bad at all,” he said. Mitchell spoke at the Kitsap Economic Development Alliance’s annual economic forecast meeting at […] Read more »

Solid economic movement in the right direction

Register now for the 2016 Economic Forecast! John Powers for the KPBJ This is the fifth year, since joining the Kitsap Economic Development Alliance in 2011, that I’ve had an opportunity to share my year-end review, and new-year perspective on Kitsap’s economy. For that, I want to thank the Kitsap Peninsula Business Journal for supporting our alliance and according me this valued annual opportunity. As I […] Read more »

US adds healthy 211K jobs; unemployment steady at low 5 pct.

US adds 211,000 jobs; unemployment rate at 5 pct CHRISTOPHER S. RUGABER, AP Economics Writer WASHINGTON (AP) — The U.S. economy generated another month of solid hiring in November, making it highly likely that the Federal Reserve will raise interest rates from record lows this month. The Labor Department said Friday that employers added 211,000 jobs, led by big gains in construction and retail. And […] Read more »

US economy likely rebounded to solid growth rate in spring

MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — After a terrible winter, the economy is improving, with a solid rebound in the spring expected to be followed by stronger growth in the second half of the year. That’s the view of many economists who think a steadily improving job market will give households more income to spend and boost consumer spending, which drives about 70 […] Read more »

More jobs in Kitsap as summer season arrives

Tad Sooter – Minding Your Business Blog, The Kitsap Sun The busy summer hiring season is shaping up to be even busier than usual in Kitsap this year. About 87,800 people were working for employers within Kitsap County in May, according to statistics from the state Employment Security Department. That was the largest number of jobs reported in the county since July of 2009: Read […] Read more »

Latest Metro Employment Numbers Released

On June 3rd the U.S. Bureau of Labor Statistics released employment figures for all 387 metros in the nation, with data through April 2015. Although most metros continue to add jobs, the number losing edged up to 46. And the average growth rate for all metros slipped to 1.7 percent; continuing a  steady decline in each month of this year. Read more »