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Miscellaneous
March 2019 Oregon Regional Economic Indicators
Good morning. Below is the University of Oregon Regional Economic Indexes for March 2019. The release date is May 21, 2019. We thank KeyBank for their generous support of this project. Link to full report here! Regional measures of economic… Continue Reading →
Read MoreApril 2019 Employment and Unemployment in Oregon’s Counties
Benton County had Oregon’s lowest seasonally adjusted unemployment rate at 3.3 percent in April 2019. Other counties with some of the lowest unemployment rates in April included Washington (3.5%) and Hood River (3.6%). Only Benton, Washington, and Hood River counties had unemployment rates at or below the national rate of 3.6 percent. Eight of Oregon’s counties had unemployment rates below the
Read MoreApril 2019 Employment and Unemployment in Oregon’s Counties
Benton County had Oregon’s lowest seasonally adjusted unemployment rate at 3.3 percent in April 2019. Other counties with some of the lowest unemployment rates in April included Washington (3.5%) and Hood River (3.6%). Only Benton, Washington, and Hood River counties had unemployment rates at or below the national rate of 3.6 percent. Eight of Oregon’s counties had unemployment rates below the
Read MoreApril 2019 Employment and Unemployment in Oregon’s Counties
Benton County had Oregon’s lowest seasonally adjusted unemployment rate at 3.3 percent in April 2019. Other counties with some of the lowest unemployment rates in April included Washington (3.5%) and Hood River (3.6%). Only Benton, Washington, and Hood River counties had unemployment rates at or below the national rate of 3.6 percent. Eight of Oregon’s counties had unemployment rates below the
Read MoreMigration Patterns in the Past Five Years
Oregon is an in-migration state. For many years, more people have moved into Oregon each year than have moved out of the state. This population growth fuels the expansion of our cities and brings new brain power to foster the economic engine of Oregon’s future. Workers in some occupational groups are more likely to move than others. Where do these in-migrants come from? And when Oregonians leave,
Read MoreOregon Adds 3,300 Jobs in April
Oregon’s total nonfarm payroll employment rose 3,300 in April, following a gain of 6,500 jobs in March.
Monthly gains were strongest in health care and social assistance and in leisure and hospitality,
which each added 1,000 jobs. Several other major industries added at least 500 jobs: manufacturing
(+700 jobs), government (+600), and construction (+500). Only one major industry shed a
Enrollment at Oregon’s Public Universities
Enrollment in higher education is largely counter-cyclical. Enrollment tends to soar during periods of recession and drop during expansions. Nationally, and here in Oregon, we are in the midst of a historically long economic expansion with many economists agreeing we are at or near “full employment.” Based on where we are in the business cycle we would expect to see enrollment down as employment
Read MoreMarch 2019 Oregon Statewide Indicators and 2019 Oregon Economic Forum in Salem
Announcing this year’s Willamette Valley Oregon Economic Forum in Salem! University of Oregon State of Oregon Economic Indicators for March 2019 Special thanks to our sponsor, KeyBank Link to full report (with expanded charts!) here. The Oregon… Continue Reading →
Read MoreOregon’s 2018 Natural Population Increase Was the Lowest on Record
In 2018, Oregon’s population increased by 54,200 to 4,195,300. This marked growth of 1.3 percent over the year, and growth of 9.5 percent since the 2010 Census. Portland State University’s Population Research Center recently released more detailed information on why this population growth has occurred.There are two main reasons that lead to population change. First, an area increases in
Read MoreOregon’s Aging Workforce
Oregon’s workforce is aging. The number of Oregon jobs held by workers age 55 and over more than tripled from 1992 to 2017, while the total number of jobs grew by just 50 percent. Workers 55 years and over held just 10 percent of the jobs in 1992, increasing their share to 23 percent of all jobs by 2017. Driving this trend is the fact that much of the Baby Boom Generation is now 55 and over, and
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