to help business prosper
In 2015, Oregon had a per capita personal income (PCPI) of $43,783. The PCPI ranked 29th in the United States and was 91 percent of the national average, $48,112, according to the U.S. Bureau of Economic Analysis.
Per capita personal income is calculated by dividing total income by total population in the area. Total income includes wages from work, income from investments like stocks and real
In 2016, 106,000 Oregonians held more than one job in addition to their primary job and were considered to be multiple jobholders. The multiple jobholding rate – the proportion of multiple jobholders among all employed workers – was 5.4 percent, which was slightly above the U.S. rate of 5.0 percent.
Multiple jobholding has generally become rarer in Oregon and the U.S. since 1995. Research shows
In 2016, the majority of continued claimants were in the following industries: trade (13.4%), manufacturing (13.1%), construction (10.3%), health care and social assistance (10.2%), and administrative and waste services (10.2%).
Some industries were severely affected by the recent recession. In December 2007, seasonally adjusted continued claims in construction, manufacturing, and trade were
Retail trade includes a variety of establishments and activities selling products, as well as after sale services such as cleaning and repair. Retailers sell their products and services directly to consumers which may include individuals and businesses. There are two types of retail establishments: store and non-store retailers. Retail stores have fixed, brick-and-mortar facilities, while
by Tim Duy
The April 2017 Oregon Regional Economic Indicators was released today. Full report is available here. We thank KeyBank for their generous support of this project. Local areas in Oregon continue to enjoy the benefits of sustained economic expansion. Highlights of this month’s report include: For all… Continue Reading →
Twenty-eight counties were at or tied with their historic low unemployment rates. Benton County had Oregon’s lowest seasonally adjusted unemployment rate in May at 2.8 percent. Grant County (6.7%) registered the highest rate for the month. This was the lowest unemployment rate for Grant County since comparable records began in 1990.
Ten of Oregon’s counties had unemployment rates at or below
Happy Father’s Day to all the dads out there! Here are some fun facts about dads in the United States.
The first presidential proclamation honoring fathers was issued in 1966 when President Lyndon Johnson designated the third Sunday in June as Father’s Day. Father’s Day has been celebrated annually since 1972 when President Richard Nixon signed the public law that made it permanent.
In 2014,
Oregon dairy products are recognized worldwide for their high quality and employment is growing as a result. Dairy farms in Oregon were historically small, often employing a family and a few other individuals, but recent trends show dairy farms are getting bigger. Their primary product is milk, the official beverage of the state of Oregon. The milk is sold to dairy manufacturers who then sell the
This morning the Oregon Employment Department released the May unemployment and jobs numbers for the state. Oregon’s 3.6 percent unemployment rate marked another record low since comparable records began in 1976.
That Oregon’s unemployment rate has reached a record low while the labor force also continues to grow. For the first time, in May, Oregon’s labor force rose above 2.1 million. The labor
The Oregon Employment Department recently released a special report entitled The Employment Landscape of Rural Oregon. Our examination of rural Oregon’s employment landscape shows a variety of factors have led to a slower recovery outside metropolitan areas. Demographic trends are among the most striking. Natural population growth is low, in-migration is slow, and young people often leave rural
SOREDI provides essential expertise and resources to help attract companies to Southern Oregon. Their support allowed Fire Mountain Gems to transition from the Illinois Valley...
Vern Frol, CEO
Fire Mountain Gems, Grants Pass
