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Where the jobs are growing in Oregon

April 30, 2013 --


 County Population Forecast
By Josh Lehner
Oregon Office of Economic Analysis Blog.

A quick follow-up on previous post on improving employment in regions of the state outside of Portland. Using the latest QCEW again, the first graph illustrates over-the-year job gains for the state overall, the Portland MSA (5 county region) and then the remainder of the state. As you can see, it’s a story of an improving employment landscape across the rest of the state that has driven the increases in employment growth in the past year.

QCEWGainsDec2012

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California economic comeback? (Real or hype)

April 29, 2013 --


By Bill Watkins, Oregon Economics
California Lutheran University

A “Comeback” in Name Only

The New York Times loves California. Well, parts of it, anyway. Adam Nagourney, writing a few weeks after voters approved a temporary income- and sales-tax hike, reported that the state’s economic gloom was “starting to lift,” even before the tax had taken effect. Last month, Timothy Egan found “California Beaming.” Then Paul Krugman offered a column lauding Governor Jerry Brown’s recent proclamation of California’s comeback.

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Chart Shocker: How iTunes killed the music industry

April 27, 2013 --

CNN did this graph from data of the Recording Industry Association of America showing how the advent of digital music has taken a giant hit to sales in the music industry. See sales chart below.

chart-ccn-aproil2013-itnzs-2

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Top 7% income rise, bottom 93% decline

April 26, 2013 --

.SDT-2013-04-wealth-recovery-0-1Pew Research
by Richard Fry and Paul Taylor

Overview
During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to a Pew Research Center analysis of newly released Census Bureau data.

From 2009 to 2011, the mean wealth of the 8 million households in the more affluent group rose to an estimated $3,173,895 from an estimated $2,476,244, while the mean wealth of the 111 million households in the less affluent group fell to an estimated $133,817 from an estimated $139,896.

 

These wide variances were driven by the fact that the stock and bond market rallied during the 2009 to 2011 period while the housing market remained flat.

 

Affluent households typically have their assets concentrated in stocks and other financial holdings, while less affluent households typically have their wealth more heavily concentrated in the value of their home.

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Bill bucks Wall Street in favor of loans local

April 25, 2013 --

Boquist bill would buck Wall Street, aid community banks, businessesBoquist-brian
Senator Brain Boquist Press Release

A Senate committee considered a bill introduced by Senator Brian Boquist (R-Dallas) on Thursday that would empower the Oregon Growth Board to help community banks offer more business loans to Oregon Main Streets.

“In my district, businesses are still struggling to make ends meet,” said Boquist. “We need to take care of our own back yard. This bill is meant to super-charge the mission of the Oregon Growth Board, which is to put more of Oregon’s money to work on Main Street rather than Wall Street.”

Sixty-nine percent of all bank deposits in the state of Oregon—both public and private—are held by five Wall Street banks. This represents a massive wealth extraction from our state, and over-exposes the Oregon economy to the next financial shock.

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Senate passes social media privacy bill

April 24, 2013 --

cap-smallSenate Passes Bipartisan Social Media Privacy Bill SB 344A prohibits higher education institutions from demanding access to social media accounts
By Senate Majority Office,

The Oregon Senate today passed a bipartisan bill designed to protect the privacy rights of college students.

SB 344 A focuses on privacy protection for higher education candidates and cur rent students by prohibiting a university o r college from demanding access to a private social media page, such as Facebook. The bill passed on a unanimous vote. “ This bill would re solve a serious privacy issue stemming from the rise in popularity of social media,” said Senator Ginny Burdick (D -Portland), author of the bill. “If a student chooses to keep his or her personal social networking page private, it is not acceptable for a college or university to demand access as a condition of admission.

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NIKE pulls Boston Massacre shirts. Adidas Boston shirt sells out.

April 23, 2013 --

NIKE has pulled their Boston massacre T-shirtsnkbstnmsscr

USA Today reports that NIKE has pulled their “Boston Massacre” T-Shirts from their factory outlet stores in light of the unexpected Boston bombings that occurred last week. The term is used to represent a New York Boston rivalry (as you can see the NY Yankee logo on the shirt side in the photo on the right).

The shirt recall is just a blip on the radar for Nike which reported that revenues from continuing operations were up 9 percent to $6.2 billion in the recent quarter.

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House considers business taxes

April 22, 2013 --

Prosperity-project
By Oregon Prosperity Project

New $275 Million Tax Increase Unveiled this Week
HB 2456 adds new taxes on top of Measure 66 & 67 taxes

A new, serious tax increase proposal was introduced. The Oregon House of Representatives will vote on it soon. The bill is HB 2456.

The proposed tax hikes are on the same Oregon businesses and taxpayers whose taxes were permanently increased by Measure 66 & 67. This will be the second time in four years that the same Oregon businesses and taxpayers will be targeted for additional permanent taxes.

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Portland pulls ahead in oregon for economic growth

April 21, 2013 --

University of Oregon Regional Economic Indexes
By Tim Duy
Oregon Economic Forum
University of  Oregon
We thank KeyBank for their generous support of this project.

• Regional divergence widened further in February, with Portland pulling ahead of the rest of the regional economies. Highlights of the release include:
• The moving average measures of the regional areas – where zero represents a region’s average growth since 1998 – are in a range of 0.31 for Portland Metro to -0.48 and -0.94 for the Salem and Rogue Valley regions, respectively.
• The Eugene-Springfield and Central Oregon regions are growing at close to their average pace. In a sign that labor markets conditions have improved substantially since the recession ended, initial unemployment claims are now contributing positively to the Portland, Eugene-Springfield, and Central Oregon measures.

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PCs tank, Windows 8 flops. Yet Microsoft profit +19%

April 20, 2013 --

pcsls-apr13

PC sales have made a sudden steer downwards with a 14% drop. At the same time, Microsoft’s new operating system, Windows 8, sales have been under projection. In some cases Windows 8 is being blamed for the PC end as PRO-PC states, “Microsoft’s Windows 8 actually deterred potential PC buyers, IDC said, as users felt they couldn’t afford touchscreen models required to make the most of the new operating system.”. Despite the woes Microsoft quarterly profit saw a big uptick. See video below to explain.

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