Sponsored by George Fox University
Home Archives December 2008 Holiday job outlook hurt by retail trimming

Holiday job outlook hurt by retail trimming

| Print |  Email
Monday, December 01, 2008

Oregon’s retail trade employment in August 2008 was below the year-ago level by 2,100 jobs, the first over-the-year loss since December 2003. The loss grew to 3,200 in September. With the onset of recession, consumers are cutting spending and retailers are cutting jobs. Notably, motor vehicle and parts dealers lost 2,600 jobs over the past year, mostly at automobile dealers. Overall, September U.S. retail sales were down 1% from the prior year and auto sales were down 20%. In recent years, Oregon’s average holiday seasonal increase in retail jobs was about 5% of total retail employment. In 2007, it was less than 4%, about 7,000 jobs. With a recession and reduced consumer spending, we can expect even fewer seasonal jobs this year, leaving some low-wage workers out in the cold. Generally, retail trade provides more than 20,000 low-wage jobs in Oregon. Many of these workers will be getting a raise, as the state’s minimum wage will rise from $7.95 per hour to $8.40 on January 1, 2009.

MIKE MEYERS
WorkSource Oregon Employment economist
1208OED1 1208OED2
www.qualityinfo.org


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Trends in business succession

News
Thursday, July 03, 2014
TrendsBY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS

The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.


Read more...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


Read more...

Portland: Where young people go to work?

News
Friday, June 06, 2014
UntitledBY KATIE AUSBURGER | OB GUEST CONTRIBUTOR

How to build a hipster-friendly work environment.


Read more...

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY JASON NORRIS | OB GUEST CONTRIBUTOR

Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”


Read more...

OB Video: Dress for Success

News
Wednesday, July 02, 2014
DFSOBY JESSICA RIDGWAY | OB WEB EDITOR

Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.


Read more...

The global challenge

News
Friday, June 27, 2014
062714 thumb globalmarketBY JASON NORRIS | OB BLOGGER

Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.


Read more...

Creating a culture of compliance

Business tips
Thursday, June 19, 2014
DataBY MONICA ENAND | GUEST CONTRIBUTOR

Nine tips for building habits among employees to respond when needed.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS