Report: Oregon Experiencing Above Average Economic Growth

By Jim McCoy Wed 9th July NewseconomyTim Duy
Oregon's economy is growing faster than normal, according to a monthly report from the University of Oregon. The report Tuesday showed fewer people filed for unemployment insurance in May, many sectors increased workers, contractors applied for more residential building permits and factories gave employees more hours at work. The Oregonian reports (http://is.gd/uZBF8B) the Oregon Measure of Economic Activity increased to an average of 0.50 for the three months ending in May. Any reading above zero suggests Oregon's economy is expanding faster than typical. The author of the report, economics professor Tim Duy, says the information suggests above-average economic growth will continue.

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