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|Articles - November 2011|
|Wednesday, October 19, 2011|
Page 4 of 10
In 2006, net migration was almost 43,000, the biggest surge of new residents in a decade. And in 2007, the state had 1.7 million employees, the most ever. By 2010, more than 130,000 jobs were lost and the flow of in-migrants slowed to a trickle. Net migration was just 6,344, the lowest level since 1986 when a net of more than 30,000 people fled another recession then afflicting the state.
Between 1979 and 1982, total employment plummeted 94,900 or 9%. Between 2007 and 2010, it dropped 131,400 or 7.6%.
“For Oregon the early ’80s recession was probably worse than the recession we just went through,” says Beleiciks. “What we ended up seeing was population loss during the early 1980s .”
The out-migration was so severe that natural increase (births minus deaths) couldn’t make up for losses and the total population declined those three years. No such loss has occurred in the wake of the recent recession, but 2009 and 2010 were the first years in more than 20 that in-migration contributed less to the population than natural increase. Still, net out-migration is unlikely in the near term since overall this year the unemployment rate is going down. “I would be very surprised if we had population decline in the near future,” says Rynerson. As for getting the jobs back, the state Office of Economic Analysis forecasts a return to 2007-level peak employment in 2014.
A sustained uptick in jobs would roll out the welcome mat to the young and restless people who make the cogs of the economy turn, starting families and businesses, patronizing local small businesses and revitalizing the workforce.
Most people migrate when they are in their late teens to mid-20s, says Jurjevich, “People are graduating from college, they’re entering the workforce, they’re going into the military and so jobs still remain the No. 1 reason why people move in those age groups.” Secondarily they might consider proximity to family and friends, climate, quality of life, cost of living, crime, schools and their attachment to where they grew up.
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.
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.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Thursday, June 05, 2014
BY HANNAH WALLACE | OB BLOGGER
What does it take to launch and run one of these mobile food businesses?
Friday, June 13, 2014
BY CLIFF HOCKLEY | OB GUEST BLOGGER
This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
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.