1. What’s Happening Up North The Northwest Economies Steve Scranton, CFA Chief Investment Officer & Economist Washington Trust Bank

2. Wage Growth

3. Understanding Slow Wage Growth

4. A Perspective on Part-Time Jobs Versus Full Time Jobs as of 9/30/15 Since the recession began (December 2007) o 1,418,000 part-time jobs (for economic reasons) have been added. o 230,000 full-time jobs have been added Source: Bureau of Labor Statistics

5. How Have the Northwest Economies Fared?

6. It All Starts With Jobs

7. Idaho Has The Lowest Unemployment Rate

8. Year-Over-Year Jobs Growth Has Been Better With Washington and Idaho Leading the Way

9. Jobs Create Income

10. Wage Growth Has Been Better With Oregon Leading the Way

11. Only Washington Has Higher Wages Than the National Average

12. Income Creates Growth

13. Oregon Has Been the Erratic Growth Economy of the Northwest

14. NW Construction

15. Washington Total Permits

16. Washington Single Family

17. Washington 5 Units or More

18. Oregon Total Permits

19. Oregon Single Family

20. Oregon 5 Units of More

21. Idaho Total Permits

22. Idaho Single Family

23. Idaho 5 Units or More

24. Themes for the Next Twelve Months Interest Rates Oil Dollar

25. Geopolitical Risks Europe Asia Middle East