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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, July 31, 2014
BY 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.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Friday, June 06, 2014
BY KATIE AUSBURGER | OB GUEST CONTRIBUTOR
How to build a hipster-friendly work environment.
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Thursday, July 24, 2014
BY 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?
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
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Vigilant enters a New Year with a new president.
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Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.