Financial activities

| Print |  Email
Wednesday, February 01, 2006

INDICATORS3.gif

 

The financial activities sector covers a variety of industries — banking, real estate, auto rental and others — so its subsectors vary widely in wages and employment trends. In 2004, for example, the U.S. average annual wage in the finance and insurance subsector was 88% higher than the average in real estate and leasing. So the sector’s highest wages were in the finance-dominated Northeast, while the real estate boom helped a Western state, Nevada, see the strongest job gains. In Oregon, opposing trends among subgroups have dampened both growth and decline of financial activities employment. Job growth in finance and insurance slowed in mid-2003, due in part to cooling refinance activity.

But stability in real estate and leasing moderated effects on the broad sector. In 2005, the opposite occurred as  finance employment  surged and real estate slowed. But jobs in real estate and leasing still account for a larger share of financial activities employment in Oregon than in the United States. This factor, among others, has kept the sector’s wages consistently below the national average.

— Emily Stuart, employment economist
Oregon Employment Department

INDICATORS4.gif

 

More Articles

Photo Log: Waterfront Blues Festival

The Latest
Thursday, July 09, 2015
bluesfestthumbBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

The sweltering weather didn't keep the crowds away. Although the numbers were down slightly from last year, the Oregon Food Bank raised $850,636 to fight hunger.  About 80,000 people attended despite temperatures in the upper 90s.


Read more...

Unshakable

September 2015
Wednesday, August 19, 2015
BY BRIAN LIBBY

Ben Kaiser holds his ground.


Read more...

Reader Input: School Choice

September 2015
Thursday, August 20, 2015

Which of the following would be most effective in reducing the cost of operating a public university in Oregon?


Read more...

Store Bought

July/August 2015
Friday, July 10, 2015
BY LINDA BAKER

Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened a third Portland store in the Cedar Mill neighborhood this year; a Bend outpost broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.


Read more...

Downtime with Jill Nelson

September 2015
Wednesday, August 19, 2015
BY JACOB PALMER

Live, Work, Play wit the CEO of Ruby Receptionists.


Read more...

The Private 150: From Strength to Strength

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.


Read more...

5 things to know about veterans in the workforce

The Latest
Wednesday, July 01, 2015
070215-vetsthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

There are more than 10 million former military members working in the United States.


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