Vancouver, Wash. economy bounces back

| Print |  Email
Saturday, July 01, 2006

During the 2001 recession, Clark County’s economy stalled out. Six hundred high-wage jobs disappeared when an aluminum smelter closed, and the county lost 2,000 electronics jobs, more than a third of the industry. But beginning in early 2003, employment growth came roaring back, with hiring expanding almost 4% annually over the past three years. Construction has boomed here as elsewhere, though homebuilding has kept a sustainable pace. A new hospital, Legacy Salmon Creek, boosted payrolls, and even manufacturing has bounced back, with 700 jobs, or 5%, added this year. Every major sector has grown, with the exception of government. Downtown Vancouver is in the midst of a remarkable turnaround, with a new hotel/convention center, new commercial building, as well as condominiums. Two new developments should add to the mix over the next few years: the redevelopment of the old Boise Cascade waterfront site and an artists’ center in a rebuilt barracks on Officers Row. Clark County remains intertwined with the greater Portland area — one out of three residents works in Portland and about a third of consumer spending takes place on the Oregon side of the Columbia River.


— Scott Bailey, regional economist
Washington Employment Security Department
{safe_alt_text}

Clark County employment by industry

Industry April 2006 Jobs Change over the year Growth

Education and health services 17,200 1,600 10.30%
Financial services 7,000 500 7.70%
Information 3,000 200 7.10%
Construction, mining and logging 12,400 700 6.00%
Manufacturing 14,000 700 5.30%
Leisure and hospitality 12,500 400 3.30%
Trade, transportation and utilities 23,800 700 3.00%
Professional and business services 14,500 400 2.80%
Other services 4,300 100 2.40%
Government 22,700 -300 -1.30%

Total 131,400 5,000 4.00%
 

More Articles

City announces plans for Portland summer-league baseball team

News
Tuesday, March 10, 2015
IMG 3888BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Baseball is returning to Portland and city officials are hoping economic opportunity comes with it.


Read more...

The best crisis is the one you avoid

Contributed Blogs
Wednesday, April 15, 2015
crisisthumbBY GARY CONKLING | GUEST BLOGGER

Avoiding a crisis is a great way to burnish your reputation, increase brand loyalty and become a market leader.


Read more...

On the Road

April 2015
Friday, March 27, 2015
BY LINDA BAKER

My daughter turned 18 last week, and for her birthday I got her a Car2Go membership. Not to label myself a disruptor or anything, but it felt like a groundbreaking moment. The two of us, mother and child, were participating in a new teen rite of passage: Instead of handing over the car keys, I handed over a car-sharing card — with the caveat that she not use the gift as her own personal car service.


Read more...

Are wolves good for business?

Contributed Blogs
Friday, March 06, 2015
030615-wolf-thumbBY JEFF DELKIN | OP-ED CONTRIBUTOR

As a local business owner, I believe it’s important to build our economy on a platform of conservation values.  


Read more...

4 highlights of the MLS labor deal

The Latest
Wednesday, March 04, 2015
timbersthumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

On Wednesday night, a couple days ahead of the 2015 season kickoff, Major League Soccer and the Players Union reached an agreement.


Read more...

Courtside

April 2015
Thursday, March 26, 2015
BY JACOB PALMER

Power lunching at the Court Street Dairy Lunch in Salem.


Read more...

10 Twitter highlights from #OR100Best

The Latest
Friday, February 27, 2015
100bestBY OB STAFF

Oregon Business held its  22nd annual 100 Best Companies to Work For in Oregon celebration Thursday night in the Oregon Convention Center.


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