Employment Department: North Coast on a growth spurt

| Print |  Email
Thursday, February 01, 2007

Many rural economies are struggling, but Clatsop County, in Oregon’s extreme northwest corner, has been adding jobs faster than the United States overall. The county’s nonfarm employment grew almost 10% from 2001 through 2006. In contrast, the nation managed 2.6% growth — a mere 0.5% per year on average. If the county had grown at the national rate it would have {safe_alt_text}generated 398 jobs over the five years; instead it added 1,509. The booming coastal property market fueled a 33% increase in financial activities jobs such as real estate and mortgage brokers. Construction employment jumped 41%. Surprisingly, even manufacturing grew 9% as companies such as Lektro Manufacturing of Warrenton expanded production. Employment growth was strictly a private affair in Clatsop County. Government may have helped by lowering interest rates, but public employment in Clatsop decreased 8% while local private-sector employment grew at six times the national rate.

— Erik Knoder, regional economist
Oregon Employment Department
www.qualityinfo.org

Clatsop County nonfarm employment, 2001-2006 changes

JAN-NOV 2001 JAN-NOV 2006 JOB GROWTH JOB GROWTH % NATIONAL GROWTH %
TOTAL NONFARM EMPLOYMENT
15,561 17,070 1,509 9.7% 2.6%
Total private sector 12,582 14,331 1,749 13.9% 2.2%
Natural resources and mining 339 289 -50 -14.7% 11.1%
Construction 695 980 285 40.9% 9.7%

Manufacturing 2,042 2,225 183 8.9% -13.8%
Trade, transportation, and utilities 2,688 3,081 393 14.6% 0.2%
Information 179 159 -20 -11.2% -15.8%
Financial activities 497 662 165 33.1% 6.5%

Professional and business services 550 705 155 28.1% 4.8%
Education and health services 1,690 1,850 160 9.5% 13.5%
Leisure and hospitality 3,312 3.774 462 13.9% 8.4%
Other services 589 607 18 3.1% 2.9%

Government 2,979 2,739 -240 -8.1% 4.2%
Federal government 179 178 -1 -0.5% -2.1%
State government 540 435 -105 -19.4% 3.0%
Local government 2,260 2,125 -135 -6.0% 5.9%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

More Articles

Corner Office: Marv LaPorte

January-Powerbook 2015
Saturday, December 13, 2014

The president of LaPorte & Associates lets us in on his day-to-day life.


Read more...

Three problems with Obama's immigration order

News
Wednesday, November 26, 2014

BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR112614-immigration-thumb

By now, anyone who knows about it has a position on President Obama’s executive order on immigration. The executive order is the outcome of failed attempts at getting a bill through the normal legislative process. Both Obama and his predecessor came close, but not close enough since the process broke down multiple times.


Read more...

Woman of Steel

November/December 2014
Wednesday, October 22, 2014
BY LINDA BAKER

Tamara Lundgren tackles the challenges—without getting trampled.


Read more...

Corner Office: Pam Edstrom

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits of information from an agency partner and co-founder of Waggener Edstrom in Lake Oswego.


Read more...

Top stories in 2014

The Latest
Thursday, December 18, 2014
10-listthumb

2014 was a year of wild contradictions, fast-paced growth and unexpected revelations.


Read more...

Old school: Paulsen's Pharmacy maintains old fashion ethos

The Latest
Thursday, December 18, 2014
121914-pharmacy-thumbBY MEGHAN NOLT

VIDEO: Under the radar — complete with a soda counter, the traditional Paulsen's Pharmacy looks to compete with big box retailers.


Read more...

Editor's Letter: Power Play

January-Powerbook 2015
Thursday, December 11, 2014

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.

The authors, Henry Timms and Jeremy Heimans, don’t necessarily favor one form of power over another but merely outline how power is transitioning, and how companies can take advantage of these changes to strengthen their positions in the marketplace. 

Our Powerbook issue might be viewed as a case study in the new-power transition. This annual book of lists provides information on leading businesses, nonprofits and universities in the state. Most of the featured companies are entrenched power players now pursuing more flexible and less hierarchical approaches to doing business. Law firms, for example, are adopting new technologies and fee structures to make legal services more accessible and affordable.

This month we also take a look at a controversial new U.S. Securities and Exchange Commission rule requiring public companies to disclose the median pay of workers, as well as the ratio between CEO and median-worker pay. 

Part of the 2010 Dodd-Frank financial reform law, the rule will compel public companies to be more open about employee compensation, with the assumption that greater transparency will improve corporate performance and, perhaps, help address one of the major challenges of our time: income inequality.

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!

— Linda


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