AGP Executive Report
Last update: 3 hours agoJobs & Economy: Washington’s unemployment rate eased to 4.8% in September, but the state shed 15,400 jobs. The decline partly reflects a shrinking labor force, while public-sector losses led the drop. Seattle Companies: Seattle-based Expedia signed a multi-year deal to become the NHL’s official travel partner, with playoff and event sponsorships. Amazon layoffs hit hundreds in retail, though Seattle’s impact remains unclear; Starbucks is closing five Washington stores and cutting Seattle headquarters jobs. Investment: Seattle-area startups raised a record $3.5 billion as venture funding cooled nationally. Washington also nominated 99 areas for federal Opportunity Zone incentives aimed at attracting private investment. Costs & Policy: Voters will decide whether to repeal the state’s new tax on income above $1 million, a measure with major implications for public revenue and high earners. Meanwhile, rising electricity use from proposed data centers is adding pressure to debates over the state’s power supply.
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