Oregon Household Formation and Housing Outlook By Josh Lehrner, Oregon Office of Economic Analysis Household formation, or the number of new households each year, is a key economic indicator. It represents more people finding jobs, stepping out on their own and the like. It can also be thought of as a gauge of economic confidence or security. Most people do not trek out on their own — renting an apartment or buying a home — unless they feel reasonably secure in their ability to make rent or pay the mortgage.
Retailers Support New Legislation To Clarify Joint Employer Relationship By Robin Roberts National Retail Federation Obama Administration Created Overly Broad Standards The National Retail Federation welcomed today’s introduction of legislation that would reverse an Obama era expansion of “joint employer” standards that has increased businesses’ exposure to lawsuits and unionization efforts.
Tech Hubs and Venture Capital, Oregon Edition By Josh Lehner Via Oregon Office of Economic Analysis Over at Indeed, Jed Kolko has a new piece looking at high-tech job postings across the nation. Among the trends he highlights, Jed notes that the eight biggest tech hubs — Austin, Baltimore, Boston, Raleigh, San Francisco, San Jose, Seattle, and Washington D.C. — have tightened their grip on the industry. He writes:
2017 Legislature Creates New Workplace Rules By Oregon Prosperity Project The Oregon Legislation adjourned its 2017 Session on Friday. The Session focused on a handful of difficult issues, including passing a balanced budget, attempting to address long-term fiscal issues and finding a way to fund a transportation package. As constitutionally required, Legislators found a way to balance the budget – with the help of a strong May revenue report – but they couldn’t reach agreement on long-term changes to the spending and revenue equation. The Session’s biggest accomplishment was HB 2017, a $5.3 billion Transportation Bill. Prosperity Project will look at that bill in detail next week.
Mom of Adult with Down’s Syndrome: It’s Harder to a Get a Job at Businesses That Struggle Financially By Felicia Bechtoldt Via Oregon Workforce and Economic Information On July 26, the United States celebrates the anniversary of the Americans with Disabilities Act, which prohibits discrimination against people with disabilities in employment, education, transportation, state and local government services, public accommodations, telecommunications, and commercial facilities.
Eugene in Perspective (Graph of the Week) Oregon Office of Economic Analysis By Josh Lehner Let’s take a quick look at the Eugene MSA (Lane County) and its economic growth over the past 35 years. The region has been through a lot and yet has proved resilient to massive shifts. The Changing of the Guard has had a huge impact here locally. And yet, Eugene overall has kept pace not only with other metros that have a similarly built economy but also with all metros around the country.
Marijuana Sows Confusion For Employers Bullard Law In our Election 2016 wrap-up, The Bullard Edge discussed the recreational use referendum adopted by Maine voters. The new law follows the old formula to a point by allowing persons 21 years of age and older to possess and use marijuana.
National Retail Federation Names Legislator Of The Year National Retail Federation By Treacy Reynolds The National Retail Federation today named Representative Mike Kelly, R-Pa., Legislator of the Year as retailers from across the country gathered for NRF’s annual Retail Advocates Summit congressional fly-in.
Oregon Adds 8,500 Jobs in June Oregon Workforce and Economic Information In June, Oregon’s nonfarm payroll employment grew by 8,500 jobs, following a gain of 2,600 in May. The June increase was the largest gain since February 2016 when 9,600 jobs were added. Gains were widespread among the major industries, with 11 of the 14 industries adding jobs. Leisure and hospitality added the most, increasing by 2,100 jobs. In addition, strong hiring occurred in construction (+1,600 jobs) and manufacturing (+1,400). Financial activities was the only major industry to cut substantially, as it shed 800 jobs.
Rep. Peter DeFazio on Trump Administration Objectives for NAFTA Renegotiation Via Congressman Peter DeFazio Congressman Peter DeFazio (OR-04) released the following statement on the Trump Administration’s objectives for the renegotiation of the North American Free Trade Agreement (NAFTA):