By Tim Duy,
Oregon Economic Forum
University of Oregon Index of Economic Indicators.
sponsor, KeyBank.
The University of Oregon Index of Economic Indicators™ jumped 1.7 percent in January to 88.5 (1997=100) from a revised December figure of 87.0. This is the third consecutive month of gains in excess of 1 percent. Data reflects an annual revision of state employment data, which enters the UO Index via employment services payrolls. While the UO Index is consistent with solid economic growth, that growth has yet to translate into significant overall job gains.
1. Labor market shows improvement.
2. Overall labor market gains remain meager.
3. Residential building permits rise
4. Oregon trucking activity climbed
5. Economy is bouncing off the recession lows of last summer
Highlights of the report include:
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