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.
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.
.Pew 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 […]
Boquist bill would buck Wall Street, aid community banks, businesses 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, […]
Senate 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 […]
NIKE has pulled their Boston massacre T-shirts 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.
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.
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 […]
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.