Tag Archives: Office of Economic Analysis (OEA)

Oregon Workforce and Economic Information: Oregon Employment Forecast: Solid Fundamentals, More Uncertainty

The U.S. economic expansion turned 10 years old this summer, making it the longest expansion in recorded history. Locally, Oregon continues to add jobs and our unemployment rate remains at or near record lows. In addition, incomes are rising and initial claims for unemployment insurance (a measure of layoffs) are down. All told, the state’s […]
Read More »

Openings, Layoffs, and Net Job Gains

When economists talk about growth, we almost always are referring to net growth. There is considerable amounts of churn in the economy every single day. Roughly, 12% of jobs are either being gained or lost at any given point. What we’re concerned about is whether the good news outweighs the bad news, or vice versus. Even though […]
Read More »

Big Question #1: Oregon’s Slowing Growth | Oregon Office of Economic Analysis

One forecasting challenge is we do not know what the 11th or 12th year of an economic expansion looks like. We’ve never been here before. Our baseline forecast calls for ongoing, but slowing growth as we run into supply side constraints. However, that is more theory than data. I’ve been wrestling with two big questions […]
Read More »

Is Household Formation Strong or Weak?

Overall the number of households in the state continues to increase. This is no surprise given that we are a magnet state. In good times and bad people pack up and move to this part of the world, especially when job opportunities are plentiful. Given migration flows in recent years have been about as large […]
Read More »

New Census Data Show Remarkable Economic Gains For Portland and State as a Whole

The numbers show surging incomes in both places. Newly released census data show that incomes in Portland and the state overall have made significant gains compared to other cities and states. Christian Kaylor, a local economist, pointed out in a Twitter post that Portland jumped from having the 22nd highest household income in 2005 to […]
Read More »

Portland metro makes gains against poverty; Oregon overtakes U.S. in household income

The Portland metro area made notable gains against poverty last year as a booming economy boosted wages across the state. Source: Portland metro makes gains against poverty; Oregon overtakes U.S. in household income

Urban Oregon Household Income, 2018 Update 

This morning the Census Bureau released the 2018 American Community Survey data. There is a ton to unpack here and even more once the microdata is released later this year. In the coming months our office will update and share some of this work. As discussed earlier, at a statewide level incomes continue to rise and […]
Read More »

Oregon Poverty and Progress, 2018 Edition

This morning the Census Bureau released the 2018 American Community Survey data. There is a ton to unpack here and even more once the microdata is released later this year. In the coming months our office will update and share some of this work. The latest Census data shows that Oregon’s economy continues to get […]
Read More »

Oregon’s Maximum Annual Rent Increase 2020

What you need to know: The allowable rent increase percentage for the 2020 calendar year is 9.9%. See our office’s Rent Stabilization page for more, including a downloadable spreadsheet with all the data. Source: Oregon’s Maximum Annual Rent Increase 2020 | Oregon Office of Economic Analysis

Digging Into Oregon’s Strong Income Growth 

Oregon always outperforms the typical state during economic expansions. Yes, part of this is playing catch-up after experiencing deeper recessions, but much of it has to do with our industrial structure and strong migration flows. However, this current expansion has been a bit different in that Oregon’s relative growth compared to the U.S. is considerably […]
Read More »