Deciphering Oregon’s Tight Labor Market

We know the economy is beginning to run into capacity constraints. The biggest issue today facing Oregon firms is the ability to attract and retain workers. The labor market is getting tighter for two primary reasons: a strong economy, and demographics as retirements increase. These factors are seen across the entire economy, not in an industry or two. Overall this results in slowing statewide job growth as the economy transitions down to more sustainable rates.

Source: Deciphering Oregon’s Tight Labor Market | Oregon Office of Economic Analysis