economy

High Tech Fueling Oregon Economic Growth

By Jim McCoy Thu 7th June Newseconomy

An important measure of Oregon's economy showed robust growth in 2011, but economists say it was lopsided.The Oregonian reports the state's gross domestic product grew 4.7 percent in a year-over-year comparison, second among the 50 states.
Read More »

Specifics Released On Cutbacks at Josephine County Sheriff's Department

The Josephine County Sheriff’s Department is starting its scale backs. At 4 p.m. today, their major crimes unit and the records divisions will conclude their work at 11 p.m. tonight.Read More »

Economists: Oregon Economy Stable, Though Revenue Short

By Jim McCoy Tue 22nd May NewseconomyOregon newsrevenuetaxes

Oregon's budget appears stable for now.

     Economists said Tuesday that tax and lottery collections are
down slightly from their earlier projections. But the declines were
offset by legal settlements and accounting maneuvers approved
earlier this year to rebalance the state budget.Read More »

AAA Report: Gas Prices Spike In Oregon

By Jim McCoy Mon 21st May NewsAAAeconomygas pricestravel

The AAA auto club reports the average price of a gallon of gasoline in Oregon is $4.23. That's up 6 cents in a week and 17 cents in a month. It's 54
cents higher than the national average, which dropped 4 cents in
the past week to $3.69.
    Read More »

Oregon Gains 2,300 Jobs In April

By Jim McCoy Tue 15th May Newseconomyjobs
Oregon's unemployment rate has dropped a full percentage point over the past year and now is down about three percentage po​ints since its peak during the Great Recession.

Wood Products Industry Making A Comeback?

By Jim McCoy Mon 7th May Newseconomytimber industry

The Great Recession has been hard on Oregon's wood products industries, and construction of single-family homes remains sluggish.
     But industry observers tell The Oregonian  there are signs of a slow comeback: Wood products are increasingly used in multifamily projects and multistory commercial buildings,Read More »

Median Sales Price Increase For Jackson County Homes

By Jim McCoy Fri 4th May Newseconomyreal estate

The latest report from the Rogue Valley Association of Realtors shows local home prices on the rise. The median price in the most recent rolling quarter  was $149-thousand dollars, a 4.9 percent increase over the last year. The county is broken up into 11 areas in their reporting, and 9 of them reported an increase in sale price.Read More »

Lithia Motors Reports Record First Quarter

By Jim McCoy Wed 25th April NewsautomotiveeconomyLithia Motors

Lithia Motors is reporting record first quarter profits- $15.8 million for the first three months of 2012, signaling a continuing recovery for the automotive industry. March proved to be an especially strong month, with Lithia CFO Chris Holzshu observing the best month the company has had since 2005.Read More »

Premier West Quarterly Report

By Jim McCoy Tue 24th April Newsbankseconomyreal estate

Even though Premier West Bank has cut costs by making layoffs and closures, they’re reporting a loss of 4-point-8 million dollars in the first quarter of this year, 700-thousand dollars wider than the 4th quarter of 2011.Read More »

Local Employment Improves Slightly

By admin Mon 23rd April NewseconomyjobsSouthern Oregon

Just as the employment picture improves ever-so-slightly around the state and around the nation, it does in southern Oregon as well. For March, the seasonally-adjusted unemployment rate for Jackson County dipped to 10.6 percent, compared to 10.7 in February. Comparing to the same month last year, the unemployment rate has improved a little more than a half a percent.Read More »

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