| Summary: | Real GDP increased by 4.1% in the second quarter of 2018, faster than the 2.2% annual growth rate during the first quarter of the year. [...] City of Vancouver General Fund revenues in the second quarter of 2018 totaled $84.5 million, or 52% of the forecasted revenues for the year. [...] The pace of growth of the national economy, as reported by the Bureau of Economic Analysis, increased in the second quarter of the year, from a 2.3% annual rate in the first quarter to a 4.1% rate in the second quarter of 2018. [...] According to the Bureau of Labor Statistics, the City's estimated unemployment rate at the end of June was 4.9%, similar to the county rate and above the estimated unemployment rate of 3.8% in the Portland metro area. [...] Most grants are cost-reimbursable, with the majority of the reimbursement funding coming in during the second through fourth quarters of the year.
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