As our office has been talking a lot about in recent years, Oregon’s economy is slowing. Now, it is still growing. We are adding jobs, seeing income gains and the like. However the pace of growth is slower today than a year or two ago. In fact, job growth has decelerated by a full percentage point over the past two years. This slowing is largely, if not entirely for good reasons. An economy digging out of a recession behaves differently than one approaching full employment. The economy needs to transition down from those peak growth rates to something more sustainable.