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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, November 12, 2015
BY LINDA BAKER
Raye Miles, a 17-year taxi industry veteran, lacked the foresight to anticipate the single biggest trend in the cab business: breaking the law.
Wednesday, October 28, 2015
BY CHRIS NOBLE
’Tis the season of giving — and that goes far beyond trees drowning in Lego sets and ironic knitwear. Santa Claus knows corporations are people too, in need of gifts to warm the hearts (and stomachs) of even the most Grinch-like CFOs.
Friday, November 20, 2015
BY JASON NORRIS AND MARY FAULKNER
It’s been a volatile year in equities and heading into the holiday season, it doesn’t look like these market extremes will dissipate.
Wednesday, October 28, 2015
BY DIANE BUISMAN
Many employers have questions about what mandatory sick leave means for their company. Take a look at the top 7 questions Oregon employers are asking.
Tuesday, November 03, 2015
Two trends dominate the manufacturing sector: onshoring and the rise of small-scale production manufacturing, known as the "maker economy."
Wednesday, October 28, 2015
BY JOE CORTRIGHT
The myth of a freight-dependent economy.
Friday, October 30, 2015
BY CHRIS NOBLE | ART DIRECTOR
|The Love Boat|
|The Food Pod Grows Up|
|The High Road|
|Tinker, Tailor, Portland Maker|
|The Shift to Community Health Care|
|The Harder They Fall|
|Senate Finance Committee scrutinizes museum tax status|
|IAAF president steps down from position with Nike|
|Another chapter to the Bezos/Musk space race story|
|Thanksgiving travel: Fuel costs low, terrorism anxiety high|
|Costco chicken salad linked to E. coli case in Washington|
|Nestle comes clean about benefitting from slave labor|
|Enormous drugmaker emerges from Pfizer, Allergan deal|
Advances in technology are reshaping the health care landscape. For patients, technologies such as 3D printing and advanced genomics are offering bold new treatment options for life-threatening illnesses and injuries. However, technology is not only revolutionizing patient care; it is also transforming the way health care administrators optimize resources, streamline processes, and improve patient and employee satisfaction.
Economic diversity has proven a smart strategy for the Port of Hood River. How can other Oregon communities replicate the model?
Phone, Internet needs of small community school districts earn attention of top-five telecom provider.
Learn about MBA options, including online and Saturday programs.
Health insurer expects new customer-friendly waterfront location to open by April.
The Salem Convention Center has capped its tenth anniversary year by earning the prestigious “Best of the Best 2015” award from NW Meetings & Events magazine. Selected as the Best Convention/Conference Venue in Oregon by meeting and event planners from Alaska, British Columbia, Idaho, Oregon and Washington, the Salem Convention Center ranked above the Oregon Convention Center and the Portland Art Museum.