Oregon Economy On Par With Nationwide Positive Growth Trends
Economic indicators recently released by the University of Oregon show the state are showing improvement. October employment data was stronger in all areas except natural resources and mining sectors.
Manufacturing was particularly strong during the fall, suggesting the State is on par with national growth trends. The household sector is also stabilizing after years of negative data. Tim Duy is Director of the Economic Forum at the U of O. He says employment services, or temp resources are on the rise.
Duy: "And that is also consistent with this idea that firms when they are experimenting with adding more labor, often start with some temporary labor before adding permanent hires, so we tend to think that is a leading indicator of future hiring activity."
Duy thinks Oregon will continue to see positive gains with the help of lower gas prices and more seasonal hires during November and December. He says the hospitality / service industry in Lane County is on pace with other areas in the state such as the Portland Metro area.