Oregon economy

Oregon Taxpayers Could Get "Kicker"

By Jim McCoy Wed 27th August NewsOregon economytax kicker
A swelling state treasury is on the verge of triggering "kicker" rebates for Oregon taxpayers. For the third time this year, economists on Wednesday revised their revenue forecast upward, leaving it just $27 million shy of the kicker threshold.Read More »

Economists Predict An Uptick In Oregon Revenue

By Jim McCoy Wed 28th May NewsOregon economy
Oregon economists say improving employment will lead to a slight uptick in their state revenue projections. The quarterly revenue forecast was delivered to state lawmakers on Wednesday.Read More »

Oregon Unemployment Hits 5-Year Low

By Jim McCoy Tue 19th November NewsOregon economyunemployment
Oregon's unemployment rate fell to 7.7 percent in October, a five-year low. The state Employment Department released the numbers Tuesday after a one-month hiatus caused by the federal government's partial shutdown. State economists said the number was a sign of an economic expansion gradually accelerating in Oregon. A significant factor is additional construction jobs -Read More »

Oregon Unemployment Falls To 8.0 Percent

By Jim McCoy Tue 14th May NewsemploymentOregon economy
Oregon's unemployment rate has edged down again, hitting 8.0 percent last month. That's an improvement from March's figure of 8.2 percent, and better than April, 2012's figure of 8.8 percent. The department said an employment survey showed a rise of 3,700 Oregon jobs in April, driven by gains in hiring among leisure and hospitality businesses.Read More »

Oregon Economist Says Indicators Point To Growth

By Jim McCoy Fri 10th May NewsOregon economyTim Duy
An index of indicators has taken a dip but still points to growth in Oregon's economy. University of Oregon economist Tim Duy says the Index of Economic Indicators shows growth in the state economy near the average rate since 1990. He told the Eugene Register-Guard the index was down slightly in March, the first decline since July. Duy says first-time unemployment claRead More »

Oregon Revenue Forecast: Small Revenue Increase Expected

By Jim McCoy Tue 20th November NewsOregon economyrevenue forecast
State economists expect Oregon to collect slightly more money in the near term than they forecast three months ago.Experts released the quarterly revenue forecast to state lawmakers on Tuesday.Read More »

Oregon Employment: Stagnant, But Expect Seasonal Hiring

By Jim McCoy Tue 16th October NewsjobsOregon economy
The monthly Oregon employment numbers show the state lost nearly 8,000 jobs in September, ending a half-year string of monthly job gains. The state Employment Department said Tuesday the unemployment rate is 8.7 percent, essentially unchanged from the previous month.Read More »

Port Dispute Places Drag on Economic Indicators

By Jim McCoy Tue 11th September NewsOregon economyPort of Portland

The impact of the summer labor dispute at the Port of Portland is showing up in a measure of Oregon's economic growth. But the economist who compiles the index says it's a blip in the numbers.

The Oregon Measure of Economic Activity for July fell. That was influenced heavily by a sag in volume at the port when shippers diverted their vessels.Read More »

State Agency Finds Most State Hires Are Temps

By Jim McCoy Mon 10th September NewsjobsOregon economy

About two-thirds of the workers hired by the state of Oregon since the 2008 recession have been temporary.

Figures from the Department of Administrative Services show that about 25,000 of the 40,000 jobs were seasonal workers, as in summer jobs with the Transportation Department, or temporary jobs of limited duration for a special purpose or project.Read More »

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