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|Wednesday, February 01, 2006|
By Brandon Sawyer
Oregon’s unemployment rate — a persistent sore spot for politicians and business groups — was the nation’s highest or second-highest state rate for 43 consecutive months (April 2001 to October 2004) according to Art Ayre, state employment economist. frictional, cyclical and structural. Ayre says all three have converged to drive up Oregon’s rate during and after the recession of 2001. The most common component, frictional, includes people who are attempting to change careers, who have recently moved to the state without a job, who live in isolated rural areas Lately, the rate has trended down toward what some economists have viewed as an “optimal rate,” about 5.5%. At 5.7% in December, it remains nearly a percentage point above the national rate of 4.9%. As of November, it is the eighth-highest rate among the 50 states and the District of Columbia. Economists identify three unemployment components — where job searches take longer and those who work in highly seasonal industries such as agriculture and food processing. The state has a relatively large proportion of people meeting such criteria. Oregon having the second-highest state-mandated minimum wage in the nation could also contribute to a frictional effect, both by drawing more job candidates and discouraging additional hiring. Cyclical unemployment may weigh heavy on Oregon because some of its major industries, such as wood products and other durable goods, expand and contract faster than others in response to economic shifts. The downturn in high-tech industries about fi ve years ago severely tarnished the state’s employment picture. High tech will probably not recover to where it was in the late ’90s, says Ayre, but it should remain flat over the next 10 years. However, select industries, such as software publishing, seem to be making a comeback. The fi nal component, structural unemployment, includes the loss of jobs to cheaper labor overseas and the automation of industries that previously provided steady jobs. Oregon suffered such structural changes in its timber industry during the early ’80s, and like much of the United States, it has lost a signifi cant number of manufacturing jobs during the past decade. Regulation of the fishing industry and the rise in electricity prices for aluminum plants has also displaced workers in the region.
How it’s calculated
The U.S. Census Bureau conducts the monthly Current Population Survey, which uses probability sampling to estimate national numbers of employed and unemployed persons. State-level data are combined with a time series model to produce state estimates. The survey categorizes respondents as follows:
Thursday, August 13, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Portland-based startup ImpactFlow recently announced a $5.7 million funding round. CEO and co-founder Tyler Foreman talks about matching businesses with nonprofits, his time at Intel and the changing face of philanthropy.
Thursday, August 27, 2015
BY LINDA BAKER
How do you put a baby on the cover of a business magazine without it looking too cutesy?
Friday, July 10, 2015
BY DAN COOK
The Affordable Care Act has triggered a rush on health care plan redesign, a process fraught with hidden costs and consequences.
Wednesday, August 19, 2015
BY AMY MILSHTEIN
Training, from the mundane to the sublime, bolsters companies and workers in an uncertain world.
Monday, August 03, 2015
BY KIM MOORE | RESEARCH EDITOR
Pushing the extreme.
Wednesday, August 19, 2015
BY CHRIS NOBLE
Oregon is home to an abundance of gritty warehouses reborn as trendy office spaces, as well as crafty hipsters turned entrepreneurs. Does the combination yield an equally bounteous office products sector? Not so much. Occupying the limited desk jockey space are Field Notes, a spinoff of Portland’s Draplin Design Company, and Schuttenworks, known for whittling Apple device stands. For a full complement of keyboard trays, docking stations and mouse pads, check out the GroveMade line, guaranteed to boost the cachet of even the lowliest cubicle drone.
Monday, July 13, 2015
BY KIM MOORE
Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.
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For good or ill, gay marriage inspires many people. They have strong feelings about it. Sometimes those strong feelings are grounded in religion and sometimes they are not. When the workplace is added to the mix, emotions tend to run high. After giving an overview of two current situations, The Bullard Edge is going to outline three key points for consideration and clarity.
Yesterday, a divided National Labor Relations Board dropped another hammer on the employer community. In a long-awaited and much debated move, the Board jettisoned the decades old standard for determining when two independent businesses should be considered joint employers of an individual worker for collective bargaining purposes.
Transforming the culture of Oregon’s educational leadership.
Attendance, breakfast buffet, materials, certificate of attendance and parking are all complimentary on behalf of the firm.
New regulations are in effect and more updates are on the horizon, are you prepared?
The Oregon Entrepreneurs Network (OEN) is pleased to announce 16 finalists — from over 60 nominees — for the 2015 OEN Tom Holce Entrepreneurship Awards.