December 27, 2009 --
By Shawna Sykes
Oregon Employment Department
Nearly $4.5 billion (yes, that’s billion with a “b”) was paid out to employees in Oregon’s financial activities industry in 2008. With over 88,000 jobs in financial activities in Oregon, the industry makes up 5.2 percent of all covered employment statewide. The financial activities industry includes businesses in credit intermediation, real estate, insurance, securities, funds and trust management, rental and leasing services, and lessors of nonfinancial intangible assets.
Read the full article and discuss it »
Credit Intermediation Employs Most
The sector with the most employment in the finance industry (28,760 jobs) is credit intermediation and related activities which includes local banks, credit unions, mortgage brokers, and check cashing services . Insurance carriers and related activities is the second-largest (26,488 jobs) and real estate rounds out the top three (20,335 jobs). The balance of employment in financial activities is in rental and leasing services (7,196 jobs); funds, trusts, other financial and monetary authorities (613 jobs); securities, commodity contracts, and investments (4,864 jobs); and lessors of nonfinancial intangible assets (335 jobs).