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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

Category: Pacific Northwest economy
April 14, 2014 at 10:23 AM

In Oregon, digging out of a deep hole | Jon Talton

The Great Recession hit Oregon harder than any other state in the Northwest. Demand for durable goods plunged. The same happened for the state’s timber sector as housebuilding collapsed. And areas such as Bend were epicenters of overbuilding. Unemployment went from 5.2 percent in early 2008 to a peak of 11.6 percent in 2009. In February,…

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0 Comments | More in Pacific Northwest economy | Topics: Oregon econom

March 27, 2014 at 2:11 PM

Seattle turns in strong metro population growth

The Census Bureau today released its population numbers from July 1, 2012 to July 1, 2013. Seattle-Tacoma-Bellevue ranked No. 10 in numeric growth, adding 57,514. No. 1 was metro Houston, at 137,692, followed by New York, Dallas-Fort Worth and Los Angeles. King County was No. 4 nationally, adding 37,000, growing 1.8 percent. Houston’s Harris County led…

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0 Comments | More in Pacific Northwest economy | Topics: Demographics, Population

March 20, 2014 at 10:39 AM

Foreign investment: Opportunity for Washington and the Northwest

Gov. Jay Inslee is at an event sponsored by the Organization for International Investment at the Bothell medical device facility of Netherlands giant Philips. The topic: Attracting more foreign direct investment to the state. According to the trade group, some 800 subsidiaries of foreign companies operate in Washington and account for 92,300 workers. This “insourcing” increased…

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0 Comments | More in Pacific Northwest economy | Topics: Foreign direct investment

February 20, 2014 at 10:35 AM

Washington exports push to new high

Washington was one of 16 states that reached record highs in merchandise exports for 2013, according to the U.S. Commerce Department. The state’s $81.9 billion came in third behind Texas and California. Other states in the Pacific Northwest didn’t perform nearly as well. Overall, U.S. merchandise exports hit $1.58 trillion last year, even though the…

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0 Comments | More in Pacific Northwest economy | Topics: Pacific Northwest trade, Washington trade

February 5, 2014 at 10:49 AM

A jobs struggle in much of the Northwest

The always insightful Josh Lehner at the Oregon Office of Economic Analysis has been following job creation over the past several years — the Great Recession officially ended in June 2009 — and the results for the Pacific Northwest show many of the same struggles seen nationwide. As the chart below from Lehner’s blog shows,…

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0 Comments | More in Pacific Northwest economy | Topics: Recovery, unemployment

January 21, 2014 at 10:30 AM

Oregon’s resorts finally dig out of the downturn

A recent report says that the “destination resorts” in Oregon have stabilized after years of pain from the Great Recession. This is especially an important turning point because many of the state’s resorts were built or expanded in the years running up to the collapse. Many of these resorts are in Deschutes County in and…

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0 Comments | More in Pacific Northwest economy | Topics: Oregon, tourism

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