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January '07 employment and business filing indicators

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Sunday, April 01, 2007

All "latest" numbers are for January 2007 unless otherwise noted. Latest Month Previous Month Previous Year Annual Change
Employment/business filings
Total employment State of Oregon, thousands 1,790.9 1,805.0 1,748.9 2.4%

Total unemployment State of Oregon, thousands 114.8 98.2 113.8 0.9%

Unemployment rate Ore. civilian labor force, seasonally adjusted 5.2% 5.4% 5.5% -0.3%

Portland/Van. MSA; Employed Six counties, thousands 1,075.9 1,086.6 1,050.8 2.4%

Portland/Van. MSA; Unemployment rate 5.4% 4.6% 5.5% -0.1%

Bend MSA; Employed Deschutes County, thousands 75.9 76.2 72.2 5.0%

Bend MSA; Unemployment rate 5.6% 4.5% 5.9% -0.3%

Corvallis MSA; Employed Benton County, thousands 40.9 41.6 40.4 1.1%

Corvallis MSA; Unemployment rate 4.7% 3.8% 5.2% -0.5%

Eugene/Springfield MSA; Employed Lane County, thousands 168.7 170.2 165.9 1.7%

Eugene/Springfield MSA; Unemployment rate 6.1% 5.2% 6.0% 0.1%

Medford/Ashland MSA; Employed Jackson County, thousands 94.7 97.9 92.4 2.5%

Medford/Ashland MSA; Unemployment rate 6.6% 5.3% 6.7% -0.1%

Salem MSA; Employed Marion and Polk counties, thousands 174.5 175.4 170.0 2.6%

Salem MSA; Unemployment rate 6.3% 5.4% 6.3% 0.0%

The Coast; Employed Five counties, thousands 85.1 85.3 84.3 0.9%

The Coast; Unemployment rate 7.1% 6.2% 7.2% -0.1%

Central Oregon; Employed Eight counties, thousands 118.2 118.1 113.2 4.4%

Central Oregon; Unemployment rate 6.1% 5.0% 6.5% -0.4%

Eastern Oregon; Employed Nine counties, thousands 79.9 80.1 78.0 2.5%

Eastern Oregon; Unemployment rate 8.3% 7.0% 9.4% -1.1%

Help wanted ad count The Oregonian, Portland (February) 14,532 14,475 20,468 -29.0%

Help wanted ad count The Register-Guard, Eugene (February) 6,916 6,869 6,991 -1.1%

Help wanted ad count The Bulletin, Bend (February) 7,019 6,791 8,164 -14.0%

New business corporations New filings (February) 998 1,198 1,112 -10.3%

Limited liability companies New filings (February) 2,029 2,299 2,051 -1.1%

Business bankruptcies New filings (February) 17 15 14 21.4%

Non-business bankruptcies New filings (February) 604 533 334 80.8%

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There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation. Here’s an excerpt:

Old power works like a currency. It is held by few. Once gained, it is jealously guarded, and the powerful have a substantial store of it to spend. It is closed, inaccessible, and leader-driven. It downloads, and it captures.

New power operates differently, like a current. It is made by many. It is open, participatory, and peer-driven. It uploads, and it distributes. Like water or electricity, it’s most forceful when it surges. The goal with new power is not to hoard it but to channel it.

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New power is not only about strategy and tactics, the Harvard Business Review authors say. “The ultimate questions are ethical. The big question is whether new power can genuinely serve the common good and confront society’s most intractable problems.”

That sounds like a call to arms. Or a New Year’s resolution. Old power or new, the goals are the same: to be a force for positive change in the world. Happy 2015!

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