Sponsored by Forest Grove Economic Development
Home Archives June 2008 Thousands of jobs lost

Thousands of jobs lost

| Print |  Email
Sunday, June 01, 2008

STATEWIDE Troubles in the economy continue to result in Oregon job losses, with the residential construction sector leading the way, says Oregon state employment economist Art Ayre.

The state shed 6,800 construction jobs in the past year, and it’s had a ripple effect,  Ayre says. The financial services sector, heavily tied to real estate, has axed 2,700 jobs since this time last year, wood products manufacturing has lost about 2,000 jobs, and manufacturing is down 6,500 jobs.

As of April, the state’s unemployment rate was 5.5%, down 0.2% from March. Other notable job losses in the state: Monaco Coach Corp., the Coburg-based maker of recreational vehicles, in April said it would cut 600 jobs, half of them in Oregon; Daimler Trucks North America has announced it would move 118 jobs out of the state in June; and Nationwide Insurance says it plans to cut 240 Oregon jobs.

April shows that the outlook might be stabilizing, says Ayre. “The bias is on the downside,” he says. “We could have a month slightly up or slightly down.”


To comment, email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

More Articles

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

Private liberal arts education: superior outcomes, competitive price

Contributed Blogs
Tuesday, August 26, 2014
0826 thumb collegemoneyBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?


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...

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


Read more...

Green Endeavor cleans up

News
Wednesday, August 06, 2014
080614 ULnew greenendeavorBY LINDA BAKER | OB EDITOR

Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.


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