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Miscellaneous
Oregon Employment Forecast: Slow and Stable
Entering its eleventh year, the U.S. economic expansion is now the longest in recorded history. Growth slowed in 2019, and the burning question is why? Economic weakness – foretelling a recession – or simply what one might expect in such a mature expansion?
The answer likely lies somewhere in between. Business investment has been weak to nonexistent over the past year. The trade war, tariffs,
Read MoreNovember 2019 Oregon Statewide Economic Indicators
Happy New Year! This is the University of Oregon State of Oregon Economic Indicators for November 2019. The release date is December 30, 2019. Special thanks to our sponsor, KeyBank Link to full report (with many charts!) here. The Oregon… Continue Reading →
Read MoreNovember 2019 Oregon Statewide Economic Indicators
Happy New Year! This is the University of Oregon State of Oregon Economic Indicators for November 2019. The release date is December 30, 2019. Special thanks to our sponsor, KeyBank Link to full report (with many charts!) here. The Oregon… Continue Reading →
Read MoreNovember 2019 Employment and Unemployment in Oregon’s Counties
Benton County had Oregon’s lowest seasonally adjusted unemployment rate at 3.1 percent in November 2019. Other counties with some of the lowest unemployment rates in November included Washington (3.2%), Hood River (3.3%), and Multnomah (3.4%). These four counties had unemployment rates below the national rate of 3.5 percent. Nine of Oregon’s counties had unemployment rates at or below the
Read MoreOregon General Merchandise Stores – Surviving the “Retail Apocalypse”
Retail market analysts love talking about the retail apocalypse, i.e. the imminent death of brick and mortar stores thanks to the Internet and Amazon. However, retail trade is a large and diverse sector, and oversimplified predictions may not accurately portray some of its segments.
In 2018, retail trade employment reached 211,066 or about one out of 10 jobs in Oregon. After food and beverage
Read MoreOctober 2019 Oregon Regional Indicators
Good morning. Below is the University of Oregon Regional Economic Indexes for October 2019. The release date is December 20, 2019. We thank KeyBank for their generous support of this project. Link to full report (with charts!) here. Oregon’s regional… Continue Reading →
Read MoreOregon’s Unemployment Rate Drops to 3.9 Percent in November
Oregon’s unemployment rate dropped to 3.9 percent in November, the lowest on comparable records dating back to 1976. The October unemployment rate was 4.0 percent, as revised from the originally reported figure of 4.1 percent. Oregon’s November rate was slightly above the U.S. rate of 3.5 percent. Oregon’s unemployment rate has been hovering at historical lows of near 4 percent for the past 37
Read MoreUnwrapping Holiday Hiring: From Bricks to Clicks
Retailers and package delivery companies rely on the holiday season to provide an end-of-year boost in sales that makes operating during the rest of the year worthwhile. Some businesses hire extra workers, often on a temporary basis, to get them through this busy time of year. In 2018, the number of jobs added by “holiday hiring” industries with strong holiday employment patterns was lower than
Read MoreOctober 2019 Oregon Statewide Economic Indicators
This is the University of Oregon State of Oregon Economic Indicators for October 2019. The release date is December 6, 2019. Special thanks to our sponsor, KeyBank Link to full report (with many charts!) here. The Oregon Measure of Economic… Continue Reading →
Read MoreWorker Access to Paid Leave Benefits in the United States
In the United States, 76 percent of workers have access to paid sick leave through their employers. The same share has access to paid vacation (76%) and a slightly higher share have paid holidays (78%). This access varies between the public and private sectors. In private industry, 73 percent of workers have access to paid sick leave and four out of five workers have access to paid vacation and
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