Rolf Boone confirmed yesterday in his The Olympian report what this writer has been saying for months – Yelm is going to receive the effects of an economic stomach very soon from sequestration cuts –
the first of which came with the announcement of the soon-to-be-closed 4 generation-run Yelm Hardware store, which opened in 1941:
“After Thurston County consumer confidence rose to a new high in the fourth quarter of 2012, it fell sharply in the first quarter of 2013 as a result of concerns about the federal governments sequestration, the $85 billion in automatic spending cuts that are set to be phased in.
The first quarter data, which fell to 97 from a new high of 129 in the fourth quarter, were released last week during the Thurston County Economic Development Councils annual meeting and business recognition awards at the Red Lion Hotel Olympia.”
– “Thurston retail sales eke out slight gain in fourth quarter”
“The Thurston County economy received another example of slow growth as taxable retail sales in the fourth quarter of 2012 eked out a tiny gain, rising 0.79 percent from the same period in 2011, according to new state Department of Revenue data.”
Yelm lagged Thurston County and all cities except Olympia in the Department of Revenue’s “separate category of retail sales known as retail trade, considered a better measure of consumer spending,” quoting Rolf Boone in The Olympian.