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Economic expansion continues

December 18, 2017 --

Supply Side Constraints

by Josh Lehner

Oregon Office of Economic Analysis

Economic growth has firmed and the expansion continues. As the aftermath of the oil bust recedes, there are not many leading indicators today keeping economists up at night. However that does not mean there are not issues to watch. In fact, the challenges the U.S. economy faces will change as we enter into a different phase of the business cycle. Moving forward, the U.S. economy will begin to hit supply side constraints. While some economists, including the Fed, believe we are already at or beyond full employment, the consistent low levels of inflation in recent years are likely evidence that supply constraints are not holding back economic growth yet. Price pressures have yet to build. How exactly the economy adjusts to reaching some of its current limits, and how the newly reconfigured Federal Reserve reacts are key questions. The answers may go a long way toward determining how long the current expansion lasts.

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Solar eclipse tourism data shows something went wrong

December 14, 2017 --


By Oregon Small Business Association Foundation

Last summer in Oregon was a season of wonder, disaster, and a little bit of an employment mystery.

The August eclipse was predicted to bring one million visitors to the state. Hotels were full. Restaurants stocked up on food and told customers to pay in cash to avoid long lines. With the big boom in business, you’d expect to see a bump—maybe even a big bump—in restaurant and lodging employment.

But, something happened.

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Glass company sues Gov. Brown $30M for reckless damage

December 12, 2017 --


Bullseye Glass Company Press Release,

Bullseye Glass Company, a locally owned art glass manufacturer with deep roots in Southeast Portland and a 40 year history of leadership in the arts community, filed a lawsuit today in federal court to expose the state’s irrational and discriminatory conduct, obtain damages for unconstitutional actions which caused irreparable harm to Bullseye’s business operations and reputation, and to overturn an unlawful, retroactive application of a federal regulation. The lawsuit seeks $30 million in damages and names Governor Kate Brown, the heads of the Oregon Department of Environmental Quality and Oregon Health Authority and the Multnomah County Health Department for numerous acts of deception and failure to effectively protect the public health and environmental safety.

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Oregon population to rise in the next 10 years

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Oregon’s Population Outlook

by Josh Lehner

Oregon Office of Economic Analysis

When the latest population estimates for Oregon came out, I promised you an updated on our office’s forecast when it was available. Since then, Kanhaiya, the state demographer in our office, has updated the population forecast and we did discuss it a bit with the Legislature at our latest forecast release as well. The upshot of the new outlook is our forecast for Oregon’s population has been raised. We are expecting a larger population and slightly stronger population growth rates over the next decade than we previously assumed.

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First major Measure 101 debate set

December 11, 2017 --

City Club of Portland, Friday Forum, January 5th, 2018

Measure 101: More taxes
for healthcare?

In January, Oregon will determine whether to implement new taxes on both healthcare providers and insurance companies to fund our expanded Medicaid program. The legislature passed these taxes in a highly partisan and controversial vote. Now this decision is in the hands of general voters. Should Oregon add new provider taxes to fund Medicaid? Are there better methods of funding Medicaid? Can Oregon cover expanded Medicaid without new taxes? Our panelists will debate these issues and others.

 

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Small businesses see record highs

December 8, 2017 --

Small Business Hiring Plans Reach All-Time High in November

National Federation of Independent Businesses

With tax reform in view, small business owners make plans to add workers, according to NFIB Jobs Report

Small business job creation plans reached an all-time high in November, shattering the previous record for the National Federation of Independent Business (NFIB) monthly Jobs Report, released this week.

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December economic forecast

December 7, 2017 --

Oregon Economic and Revenue Forecast, December 2017

Oregon Office of Economic Analysis

The primary risk facing the near-term revenue forecast is the potential for tax legislation at the federal level. From a broader economic perspective, the most significant local impact of federal tax changes will be what happens to the amount of federal taxes paid by Oregon’s households and businesses. However, in addition to what happens to the federal tax bill, many federal law changes stand to have larges impact on Oregon’s own revenue streams.

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Bipartisan support for local hardwood mills

December 6, 2017 --

DeFazio Applauds House Passage of Legislation to Spur Economic Development and Job Creation in Oregon Communities

Congressman Peter DeFazio

Reps. Peter DeFazio (OR-04) and Greg Walden (OR-02) applaud the U.S. International Trade Commission’s (ITC) final 4-0 vote confirming that the U.S. hardwood plywood industry has been, or is threatened to be, materially injured by unfairly subsidized Chinese imports.

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Business Oregon delivers 5 year plan

December 5, 2017 --

Business Oregon Releases New Five Year Strategic Plan

Business Oregon

Business Oregon released a strategic plan that maps out priorities, strategies, and actions for the state of Oregon’s economic development agency over the next five years.

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TSA to maintain security infrastructure at regional airport

December 4, 2017 --

Oregon lawmakers applaud TSA decision to maintain security infrastructure as Crater Lake-Klamath Regional Airport recruits new carrier

Congressman Greg Walden

Maintaining security equipment will ease logistical burdens, help airport’s recruitment efforts

Rep. Greg Walden, along with Rep. Peter DeFazio and Sens. Ron Wyden and Jeff Merkley, applauded the decision by the Transportation Security Administration (TSA) to maintain security infrastructure at Crater Lake-Klamath Regional Airport in Klamath Falls as the airport recruits another carrier to resume commercial air service.

Read the full article and discuss it »
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