University of Oregon Index of Economic Indicators™
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.”
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