Other pages about the topic: Forecasting & Research

Long-term economic forecast

This file contains long-term population, resident civilian labor force, employment and personal income projections for Washington state. In contrast to the short-term economic forecasts that focus on assessing business cycle conditions, long-term projections examine demographic trends, structural changes in industries, changes in production factors such as labor supply and capital investment and technology/productivity advances. Data are now forecast to 2040.

Inflation

What is inflation?

Inflation has been defined as a process of continuously rising prices, or equivalently, of a continuously falling value of money. In other words, inflation causes the buying power of a dollar to decrease over time. A 15 cent hamburger in 1966 seems to us a lot cheaper than the 79-cent hamburger of today. But when the price of that 1966 burger is adjusted for inflation, the price is comparable.

Projected change in budget driver populations

2018-2021

Budget
Driver
Projected
Change
Budget
Share*
Juvenile
Rehabilitation
(Ages 12-17)
5.9% 0.4%
Corrections
(Males Ages 18-39)
3.5% 4.7%
Medical

Juvenile rehabilitation institutional population

Fiscal
Year
Average Monthly
Population
2018 489
2017 487
2016 483
2015 438
2014 533
2013 550

State-supported nursing home caseload

State-Supported Nursing Home and Home & Community Services Caseloads

(average monthly)

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