Dec 072012
 
Amazon.com & high-tech employment

I’ve been working on some new charts that I will present to U.S. Bank customers in Bellingham Tuesday. I’m on a panel for the bank’s 23rd annual economic outlook forum. I plan on saying what I have said in this space and on KUOW’s air: Amazon.com’s hiring and building sprees [continue reading . . . ]






Oct 092012
 
Year of Amazon.com?

Amazon.com is on a roll. Last Friday, it announced a blockbuster real-estate deal, the purchase of its South Lake Union campus for more than $1 billion. It unveiled late in summer plans for three high-rise office towers on the edge of downtown Seattle — a quick streetcar ride from its [continue reading . . . ]






Sep 112012
 
Boeing backlog, Washington aerospace employment

I’ve just updated Boeing related charts for a presentation on September 13. A couple of things worth noting: Even after adjustment for the loss of Qantas 787 orders last month, Boeing’s backlog in units at the end of August was higher than at the end of March. It hasn’t been [continue reading . . . ]






Aug 282012
 
KUOW: Boeing, Microsoft, Amazon Web Services

Subjects addressed during my stint on KUOW’s Weekday program Aug. 29: The Qantas cancellation of Boeing 787 orders is a reminder that despite long lead times — years between orders and deliveries — Boeing is subject to short-term swings in the global economy. The decision says more about Qantas than [continue reading . . . ]






Jul 122012
 
Oasis Seattle

If you live in the Seattle area, savor this time. It seems to me you and I live in a lush oasis of relative prosperity, surrounded by a grimy desert of gloomy economic news. There are no guarantees. Enjoy it while it lasts. Boeing is booming. Aerospace employment in Washington [continue reading . . . ]






Jun 182012
 

The economic headlines are grim almost everywhere you look. An item on Page 1 of today’s Financial Times sums things up succinctly: Growth in the US is slowing, much of Europe is in recession, China’s growth outlook has weakened, the reform processes in India have stalled and other large emerging [continue reading . . . ]






May 302012
 

Uh, oh. That’s what I find myself muttering these days when I fire up the news browser or open my morning papers. The economic news leaves me with a sense of dread. I find three developments especially worrisome: 1. Europe’s slow-motion economic crisis, now more than three years old, rumbles [continue reading . . . ]






Apr 112012
 
Aerospace jobs, Washington milestone

Aerospace-related manufacturing employment in Washington reached 92,300 in February. For two months running, the level has been higher than at any time in more than a decade; the last time we were in this neighborhood was November 1999, at 91,700. It is hard to overstate the importance of Boeing-related employment [continue reading . . . ]






Jul 122011
 

On KUOW’s Weekday program July 6, I suggested Washington’s tourist industry tax itself to fund tourism promotion now that the state’s puny effort (that spawned such forgettable campaigns as “Say WA”) have dried up (here’s a link to a New York Times piece that appeared in the Seattle Times). I [continue reading . . . ]