Economic Forum releases latest data

Excerpts from
University of Oregon Index of Economic Indicators™
January 2009,

Slight economic gain
“The University of Oregon Index of Economic Indicators™ rose slightly in January, gaining 0.5 percent to 86.5”

Core manufacturing hurting
“[w]orse than initially estimated core manufacturing and employment numbers. Three index components—the Oregon weight-distance tax, new orders
for nondefense nonaircraft capital goods, and consumer confidence—deteriorated during the month.”

Jobless claims edge back
“Initial jobless claims edged back from the sharp spike in December. Still, the current level of 13,865 is consistent with ongoing steep nonfarm payroll declines.”

Housing permits up
“Residential housing permits rose in January from a drop the previous month, still tracking a level just below 1,000— well below the peak level of 2,600 during 2005 and early 2006.”

There is much more to read.   We encourage you to get a copy of the whole report and to support the Oregon Economic Forum. Please contact Tim Duy at [email protected].

Disclaimer: Articles featured on Oregon Report are the creation, responsibility and opinion of the authoring individual or organization which is featured at the top of every article.