economy

Oregon Unemployment Inches Upward

By Jim McCoy Tue 16th July NewseconomyjobsOregon employment
Oregon's jobless rate inched up a tenth of a percentage point in June, and hiring was weak. The State Employment Department said Tuesday the unemployment rate of 7.9 percent is essentially unchanged from the 7.8 percent reported in May. The rate is based on a survey of households.Read More »

Oregon Unemployment Falling, Construction Jobs Rising

By Jim McCoy Tue 18th June Newseconomyjobs
The unemployment rate in Oregon has dipped below 8 percent for the first time since the nation fell sharply into the Great Recession in the fall of 2008. The Oregon Employment Department said Tuesday the state unemployment rate was 7.8 percent in May and, after a revision, 7.9 percent in April. The department reported Tuesday that job gains have been strong recently in constructiRead More »

Economists Boost Projected Oregon Revenue Forecast

State economists say a slow, steady economic recovery means the state treasury will take in more money than previously expected. The quarterly forecast released Thursday said revenue from tax collections will be up by more than $270 million since the last projections.Read More »

Gas Prices Spiking In Oregon

By Jim McCoy Mon 13th May NewsAAAeconomygas prices
The AAA auto club reports the average price of a gallon of gasoline in Oregon is $3.92. That's up 26 cents in a week, and it's 34 cents higher than the national average. Some metro prices from AAA's Monday survey: Portland $3.91, Salem $3.92, Eugene-Springfield $3.96, and Medford-Ashland $3.94.

Oregon Gas Prices Decline Slightly

By Jim McCoy Mon 29th April NewsAAAeconomygas prices
The AAA auto club reports the average price of a gallon of gasoline in Oregon is $3.59. That's down four cents in a week and 13 cents in a month. It's four cents higher than the national average. Some metro prices from the AAA's Monday survey: Portland $3.56, Salem $3.59, Eugene-Springfield $3.59, and Medford-Ashland $3.65.

Southern Oregon Job Picture Improves

By Jim McCoy Tue 23rd April Newseconomysouthern Oregon employment
All around southern Oregon there are continued signs of steady improvement when it comes to jobs. In Jackson County, 60 more jobs were added to the payrolls for the month of March. The unemployment rated slides to 10-percent, down from 10.6 percent in March, 2012. Gains were seen in manufacturing and construction. Seasonal losses were seen in retail and business and professional services.Read More »

Cave Junction Sawmill Announces Closure

The owners of Rough & Ready Lumber Co.Read More »

Oregon Gas Prices Trickling Downward

By Jim McCoy Mon 8th April NewsAAAeconomygas prices
The AAA auto club reports the average price of a gallon of gasoline in Oregon is $3.69. That's down 2 cents in a week and 11 cents in a month. It's 10 cents higher than the national average. Some metro prices from the AAA's Monday survey: Portland $3.67, Salem $3.67, Eugene-Springfield $3.71, Medford-Ashland $3.73.

Economist: If Underemployed & Part-Time Included State's Jobless Rate Doubles

By Jim McCoy Wed 3rd April Newseconomyjobs
If you include people who gave up looking for work and underemployed people in part-time jobs, Oregon's unemployment rate last year was more than 17 percent of the workforce - almost double the state's official jobless rate. Figures released Tuesday by the U.S. Bureau of Labor Statistics show 173,300 Oregonians were unemployed in 2012.Read More »

State Employment Rate Holds Steady

By Jim McCoy Tue 19th March Newseconomyjobs
A state report says Oregon's unemployment rate hasn't changed. The monthly report released Tuesday by the state Employment Department said the jobless rate was at 8.4 percent in February, the same as in January. The rate has been within a range of about half a percentage point for more than a year. A year earlier the rate was 8.9 percent.Read More »

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