Oregon’s economy closed the books on 2018 up 38,000 jobs over 2017 for a growth rate of 2.0 percent; the slowest pace in six years, yet still fast enough to absorb new workers entering the labor force and keep the unemployment rate near record lows. Despite slowing growth, the outlook for 2019 remains positive according to the latest Oregon Economic and Revenue forecast from the Office ofRead More
Our recently released report about employer-provided benefits in Oregon details the most common health, retirement, leave, pay, and other offerings private employers extended to their full-time and part-time employees in June 2018.
Among the key findings: private companies in Portland and the Willamette Valley tended to have the largest shares of employers offering benefits. In addition, largerRead More
There is a large amount of turnover in the labor market every month, as many people move between categories of employed, unemployed, and not in the labor force. Movements between these categories are known as “flows.” People move between these categories for several reasons, which generally are considered to be voluntary (such as retirement out of the labor force) or involuntary ( such as aRead More
Benton County had Oregon’s lowest seasonally adjusted unemployment rate at 3.3 percent in December 2018. Other counties with some of the lowest unemployment rates in December included Hood River (3.5%), Washington (3.5%), and Multnomah (3.7%).
Seven of Oregon’s counties had unemployment rates at or below the statewide unemployment rate of 4.1 percent and six were at or below the national rateRead More
Three-fourths (76%) of Oregon’s private employers offered one or more health, retirement, leave, pay, or other benefits to employees in June 2018. More than half (59%) of all employers offered health benefits, while 51 percent offered retirement benefits. This findings come from a survey of more than 12,000 private employers conducted by the Employment Department, and summarized in the new reportRead More
Oregon’s unemployment rate rose to 4.1 percent in December from 3.9 percent in November. Oregon’s unemployment rate has been close to 4 percent for the past two years. The U.S. unemployment rate also edged up two-tenths of a percentage point, to 3.9 percent in December from 3.7 percent in November.
In December, Oregon’s nonfarm payroll employment grew by 300 jobs, following a revised gain ofRead More
Good morning. Below is the University of Oregon Regional Economic Indexes for October 2018. The release date is today January 11, 2018. We thank KeyBank for their generous support of this project. Notice Regarding Government Shutdown: The partial government shutdown has… Continue Reading →Read More
Roughly 9,600 jobs in Oregon are at federal agencies that are not currently funded and are affected by the partial federal government shutdown.
Some of these workers have already been furloughed. Others have funding to cover operations for a few more days. Excepted personnel are still working even though funding for their paychecks has not been appropriated. According to the U.S. Office ofRead More