Category Archives: Office of Economic Analysis (OEA)

Coronavirus in Oregon: $2.1B revenue loss observed in state programs

OSL Ed. Note: June 2020, Oregon Economic and Revenue Forecast can be found HERE. The state lost an estimated $2.1 billion in general fund and lottery revenue compared to the previous forecast due to the coronavirus pandemic and corresponding economic slowdown, according to the latest analysis released Wednesday. State economists painted a dire picture of the […]
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Forecasting the recession, recovery

By Josh Lehner Oregon Office of Economic Analysis While it is still too soon to know the full extent of the economic fallout, I thought it may be helpful to sketch out how our office is currently thinking about the outlook. Source: Forecasting the recession, recovery – Oregon Business Report

Oregon jobless claims quintupled last week as coronavirus shutdown took hold

New jobless claims soared last week after the governor mandated restaurants and bars close. Claims are likely to rise again this week, with the implementation of her “stay home” order. Source: Oregon jobless claims quintupled last week as coronavirus shutdown took hold

Oregon faces ‘severe recession,’ but its length depends on coronavirus

It’s clear, for the short run at least, that the slowdown will impact state revenues on all fronts and it ability to fund a response. Personal income taxes – which generate 86 percent of general fund receipts – will take a hit, along with corporate taxes. Investment and capital gains tax receipts will drop amid […]
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Oregon Growth Drivers

Like the nation overall, Oregon is transitioning down to more sustainable rates of growth. Job gains are roughly in-line with what underlying demographics suggest the state needs to hold the unemployment rate steady. Eventually the cyclical drivers of growth will slow further and gains will be driven by productivity and the number of workers. Source: […]
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Economic Impact | Coastal Towns | Queer Fiction . Radio

The long term economic impacts of coronavirus could be severe in Oregon. Coastal towns face some particular challenges right now. Also, a new collection of short stories focuses on queer life in Portland. Source: Economic Impact | Coastal Towns | Queer Fiction . Radio | OPB

The Oregon timber worker’s truth

Surviving the spotted owl era, evolving logging processes and now climate change, timber communities face the constant notion that their livelihood and way of life is dubious. The Oregon timberman stares back from sepia photographs into a future built by the trees he felled. Source: The Oregon timber worker’s truth | The Register-Guard | Eugene, […]
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Oregon Insight: Inbound migration rate is among the nation’s fastest

People keep moving into Oregon – and relatively few are leaving. Newly released Census data shows Oregon had the nation’s 10th-fastest rate of net migration from 2018 to 2019, growing at a rate of 6.9 per 1,000 residents. That’s nearly 4 times faster than the national rate. Source: Oregon Insight: Inbound migration rate is among […]
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Forecast: Oregon tax, lottery revenues up $183 million, economists puzzle over why

Oregon state economists announced Wednesday that income tax, lottery and other revenues are once again likely to outpace expectations. They predict Oregon will take in $184 million more than they estimated in November. Source: Forecast: Oregon tax, lottery revenues up $183 million, economists puzzle over why

Report: Oregon’s economy stable, job growth slowing, coronavirus outbreak a worry

State economists also tell lawmakers that the coronavirus outbreak in China could impact the Oregon import-export economy if the illness spreads. Source: Report: Oregon’s economy stable, job growth slowing, coronavirus outbreak a worry