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|Articles - December 2011|
|Tuesday, November 15, 2011|
Page 3 of 5Such factors have set the stage for a coming year that’s not likely to show marked improvements over this one. For starters, housing is expected to continue to lag, and with that comes continued hits to jobs in construction, financing, real estate and other ancillary fields.
“In 2012, I think housing is just going to limp along and maybe marginally improve,” Potiowsky says. “You’re not going to see any huge increase in building.”
That will extend some of the pain that many of Oregon’s smaller forest products communities have been feeling for years.
“As a whole, the wood products industry is still dependent on the larger economy,” says Larry Holzgang, a business development officer for Business Oregon in Josephine, Jackson, Lake, and Harney and Klamath counties. “Some of our wood products and secondary wood products companies are still struggling, and that’s not going to turn around until the entire housing and construction industry in the entire United States does.”
Unemployment, which was at 9.6% in September, had dropped from 10.7% the year before, but it still remained flat through this past summer and above the national rate of 9.1%. Potiowsky says that’s not likely to change much in the months ahead and job growth on the whole will be slow.
Economists and policymakers are also concerned about conditions in foreign markets and how they could impact Oregon. For starters, the European debt crisis, involving countries such as Greece, Portugal, Spain and Italy, threatens to spiral out of control. If it does, Oregon’s European export trade could be constricted. Duy sees an even bigger problem if the European debt crisis results in further tightening of international credit markets.
Another foreign market of concern is China. At present, China is Oregon’s biggest export destination; about $4 billion of Oregon’s $17.7 billion in exports in 2010 went to China. Any slowdown in the Chinese economy could impact Oregon, and there are concerns that China may be harboring a real estate bubble and a bigger economic slowdown than the country is letting on. In addition, political tensions over the value of Chinese currency could potentially lead to higher tariffs on Oregon exports to the country.
Monday, September 28, 2015
BY TIM NEVILLE
Betty Roppe steers Prineville into the future.
Wednesday, October 28, 2015
BY AMY MILSHTEIN
As CEO and owner of five different cannabis-related businesses generating a total net revenue of $2 million, Alex Rogers could sit back and ride the lucrative wave of Oregon’s burgeoning pot industry.
Saturday, October 24, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
What's it like working with your sister and how do you compete in Portland's crowded artisan ice cream space?
Thursday, October 08, 2015
BY LINDA BAKER
In an era dominated by self-promotion and marketing speak, John Bradley, CEO of R&H Construction, is a breath of fresh air.
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.
Monday, September 28, 2015
BY BEN DEJARNETTE
Controversial track star Nick Symmonds is leveraging his celebrity to grow a performance chewing-gum brand. Fans hail his marketing ploys as genius. Critics dub them shameless.
Thursday, November 12, 2015
BY LINDA BAKER
I walked off the Vigor Industrial shipyard that day with a clear cover line in mind: the Love Boat.
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|The Harder They Fall|
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|Nestle comes clean about benefitting from slave labor|
|Enormous drugmaker emerges from Pfizer, Allergan deal|
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|FDA OKs GMO salmon|
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.
Farmland LP grows its vision for organic farming in Oregon.
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.
The Oregon Cooperative Hall of Fame honors individuals for their outstanding contributions to the successful building and operation of Oregon agricultural cooperatives.
Health insurer reports $10.2 million in net income after taxes through the first nine months of 2015.