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 More
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 theRead More
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 beverageRead More
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 37Read More
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 thanRead More
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 andRead More