Dick Conway

Ashley Gross / KPLU

Regional economist Dick Conway says even though we have lots of big, vibrant companies in the Puget Sound area these days, our economy still rises and falls with the fortunes of one, a certain aerospace giant.

And that's why he says it's so critical that Boeing's 777x jet will be built in Washington state after members of the International Association of Machinists and Aerospace Workers voted narrowly to accept a contract extension. They agreed to cuts in hard-fought retirement and health benefits to preserve those jobs. 

There have been a few glimmers of hope lately for the U.S. economy, such as a better-than-expected jobs report. But local economist Dick Conway  says there’s even more reason for optimism for the Puget Sound region. 

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"It is a sunny day, with some clouds," says Dick Conway, a Puget Sound Economic Forecaster. "The more I study the Puget Sound economy, the more I am struck by the fact that the more it changes, the more it stays the same."