Pierce County: Economic Index

The Tacoma-Pierce County Chamber (TPCC)'s 2025 Pierce County Economic Index (PCEI) Report, authored by economist Dr. Neal Johnson, reveals a nuanced economic landscape for Pierce County, with particular emphasis on the challenges confronting the construction sector. While the overall forecast anticipates moderate economic growth of 1.6%, the report highlights significant headwinds for construction, primarily stemming from persistent high mortgage rates. Andrea Reay, President & CEO of TPCC, acknowledges these difficulties, stating that while progress is evident in areas like personal income and job creation, the struggles within the housing market underscore the lingering impact of broader economic conditions. The report serves as a critical tool for members to navigate the year ahead, particularly those in or reliant on the construction industry, providing insights needed to foster resilience amidst these specific challenges.