The Oregon recovery experienced headwinds in May. The University of Oregon Index of Economic Indicators™ fell 1.4% to 87.9 (1997=100) from a revised April figure of 89. Significant deterioration in Oregon employment services payrolls, Oregon residential building permits, and the interest rate spread contributed to the decline.
Highlights of the report include:
• Labor market indicators were largely unchanged during March. Claims have improved dramatically since last year, but still remain elevated, while steady economic growth since last summer has had limited impact on new hiring.Read the full article and discuss it »