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

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...

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...

Q&A: David Lively of Organically Grown Co.

News
Tuesday, July 01, 2014
OGCLogoBY HANNAH WALLACE | OB BLOGGER

Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.


Read more...

South Waterfront's revenge

News
Thursday, July 24, 2014
MoodyAveBY LINDA BAKER | OB EDITOR

Remember the naysayers?  Those who called the South Waterfront aerial tram a boondoggle?  Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?


Read more...

OB Video: Building trade ties with the EU

News
Monday, June 16, 2014
BritEmbCampionBY KIM MOORE | OB RESEARCH EDITOR

The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.


Read more...

Community colleges and sustainability

Contributed Blogs
Thursday, July 31, 2014
sustainabilityBY MARY SPILDE | OB GUEST CONTRIBUTOR

Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.


Read more...

OB Video: Oregon MESA

News
Thursday, June 26, 2014

ThumbOregon Business hosts an informal roundtable discussion about the Oregon MESA (Mathematics, Engineering, Science Achievement) program.


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