Washington state’s economy may be reopening, but any optimism must be accompanied by caution. The bleeding is nowhere near stopped.
Our state’s unemployment rate still exceeds 15 percent, with Washington losing hundreds of thousands of jobs due to the COVID-19 pandemic. Making matters worse, the “official” unemployment rate likely undersells just how precarious the labor market is for job-seekers and employees alike. Credible estimates pin unemployment closer to 20 percent.
The stakes are too high to turn back now. Let’s keep moving forward; and stop the economic bleeding.
Read the full op-ed in The Everett Herald by Gregory Kovsky, president of the International Business Associates and partner of the Job Creators Network Foundation.