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Jon Talton

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

Topic: Oregon economy

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January 12, 2015 at 10:42 AM

Tracking Oregon’s recovery, in one chart

The Oregon Office of Economic Analysis has produced this nifty chart to track how the state has recovered from the depths of the Great Recession using 39 separate indicators. As the chart shows, Oregon has recovered 100 percent in such areas as total jobs, state gross domestic product and exports. On the other hand, like…

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Comments | More in Pacific Northwest economy | Topics: Oregon economy, Oregon unemployment

December 29, 2014 at 9:59 AM

How the Northwest is faring in personal income

As the map shows, the Northwest turned in very different results in personal income growth for the third quarter. Washington was hot. The other states not so much. The report was released earlier this month from the federal Bureau of Labor Statistics. Looking at sectors, Washington had the biggest jump in information earnings at 5.5…

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Comments | More in Pacific Northwest economy | Topics: Alaska economy, Idaho economy, Oregon economy

August 27, 2013 at 10:23 AM

Real recovery still eludes Oregon

fredgraph

Washington’s unemployment rate in July was 6.9 percent but across the Columbia River the rate stood at 8 percent. Oregon continues to struggle out of the Panic of 2008. The economic indices compiled by the University of Oregon (the latest shows June) indicate that none of the state’s region’s have fully recovered. Metro Portland is doing the best, while the Rogue Valley and Salem are faring worst.

The recession was especially hard on the state for several reasons: Its heavy exposure in manufacturing, continued reliance on forest products and a real-estate bubble in Bend. As I wrote before, the ills in Portland risk being overstated. The Brookings Institution’s Metro Monitor shows Portland doing fairly well from the trough of the downturn to June — the exception is job creation. But the rest of the state faces a much harder slog. (To be sure, 14 other states have worse unemployment rates, including South Carolina, Kentucky, Georgia and North Carolina).

One other telling metric: From 2010 through July 2012, Oregon’s population increased by only 1.8 percent. In Washington, the rate of increase was 2.6 percent.

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