Tag Archives: U.S. Economy

Economic Trends of the 2010s (Graphs of the Decade)

Economically, the 2010s were a disappointment. Now, the U.S. economy went the full 10 years without a recession, a first in history. However we began the decade at the bottom of the worst recession in a long time. As such much of the decade was about regaining the lost ground. That means we spent most […]
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Oregon Employment Forecast: Slow and Stable

Entering its eleventh year, the U.S. economic expansion is now the longest in recorded history. Growth slowed in 2019, and the burning question is why? Economic weakness – foretelling a recession – or simply what one might expect in such a mature expansion? The answer likely lies somewhere in between. Source: Oregon Workforce and Economic […]
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The 2010s were a decade of perseverance for small businesses

2019 is an exuberant end to the decade. There has never been a better time to start or grow a small business in the current booming economy. The unemployment rate is at a 50-year low with 110 months of consecutive positive job growth. Wages have increased 3.1% during the past 12 months. And 30.7 million […]
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Poverty Grew in One-Third of Counties Despite Strong National Economy

Despite an economic recovery that lifted people out of poverty in most areas of the country, poverty increased in at least one county in every state between 2016 and 2018. The poverty rate grew in 30% of counties between 2016 and 2018, according to a Stateline analysis of U.S. Census Bureau county estimates released this […]
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Despite strong economy, 44% of Americans still earn low wages

Unemployment is hovering near a five-decade low, workforce participation is at the highest level in six years and Federal Reserve Chairman Jerome Powell recently called the labor market “strong.” Yet, 44% of Americans age 18 to 64 are low-wage workers, according to a Brookings Institution report. An estimated 53 million Americans are earning low wages, […]
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A slowdown in US business formation poses a risk to economy

Despite a decade-plus of economic growth, Americans have slowed the pace at which they’re forming new companies, a trend that risks further widening the gap between the most affluent and everyone else. The longest expansion on record, which began in mid-2009, has failed to restore entrepreneurship to its pre-recession level, according to a Census Bureau […]
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Manufacturing sector contracts for the first time in nearly a decade

U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown. The U.S. manufacturing PMI (purchasing managers’ index) was 49.9 in August, down from 50.4 in July and below the neutral 50.0 threshold for the first time since September […]
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Oregon Employment Forecast: Growth Ongoing, But Slowing

The U.S. economic expansion turned 10 years old this summer, making it the longest expansion in recorded history. Oregon’s expansion also continues, although our job growth is no longer handily outpacing the nation as had been the case for most of the past six years. Not to worry, as growth remains strong enough to keep […]
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A Recession Is Coming (Eventually). Here’s Where You’ll See It First.

State Library Ed. Note: State employees can access this New York Times story HERE via the State Library’s subscription to the US Newstream database. Alternatively, state employees can contact us for access: library.help@state.or.us or 503-378-8800.

U.S. labor market slowing as job openings, hiring fall

U.S. job openings and hiring fell in June, suggesting that demand for labor was cooling in tandem with a slowing economy, which could provide another reason for the Federal Reserve to cut interest rates again next month. Source: U.S. labor market slowing as job openings, hiring fall – Reuters