Home Back Issues July 2006 Vancouver, Wash. economy bounces back

Vancouver, Wash. economy bounces back

| Print |  Email
Archives - July 2006
Saturday, July 01, 2006

During the 2001 recession, Clark County’s economy stalled out. Six hundred high-wage jobs disappeared when an aluminum smelter closed, and the county lost 2,000 electronics jobs, more than a third of the industry. But beginning in early 2003, employment growth came roaring back, with hiring expanding almost 4% annually over the past three years. Construction has boomed here as elsewhere, though homebuilding has kept a sustainable pace. A new hospital, Legacy Salmon Creek, boosted payrolls, and even manufacturing has bounced back, with 700 jobs, or 5%, added this year. Every major sector has grown, with the exception of government. Downtown Vancouver is in the midst of a remarkable turnaround, with a new hotel/convention center, new commercial building, as well as condominiums. Two new developments should add to the mix over the next few years: the redevelopment of the old Boise Cascade waterfront site and an artists’ center in a rebuilt barracks on Officers Row. Clark County remains intertwined with the greater Portland area — one out of three residents works in Portland and about a third of consumer spending takes place on the Oregon side of the Columbia River.


— Scott Bailey, regional economist
Washington Employment Security Department
{safe_alt_text}

Clark County employment by industry

Industry April 2006 Jobs Change over the year Growth

Education and health services 17,200 1,600 10.30%
Financial services 7,000 500 7.70%
Information 3,000 200 7.10%
Construction, mining and logging 12,400 700 6.00%
Manufacturing 14,000 700 5.30%
Leisure and hospitality 12,500 400 3.30%
Trade, transportation and utilities 23,800 700 3.00%
Professional and business services 14,500 400 2.80%
Other services 4,300 100 2.40%
Government 22,700 -300 -1.30%

Total 131,400 5,000 4.00%
 

More Articles

November/December Preview: Revenge Forestry

News
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

Seneca AW46A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

The Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper reporters move into brand journalism.


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


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