Ebb tide in the Central Coast’s economy

| Print |  Email
Archives - April 2009
Wednesday, April 01, 2009

The Oregon Coast offers a physical escape from the ordinary, but it has not escaped the state’s descent into recession, as can be seen in Lincoln County. The county’s tourism-dominated economy, concentrated in Newport and Lincoln City, lost 720 jobs from January 2008 through January 2009, nearly 4% of its payroll employment. The heaviest losses were in leisure and hospitality (-480 jobs) as established businesses, such as Tups Bar and Grill and the Kernville Steakhouse, closed. In addition, professional and business services shed 80 jobs and retail trade cut 110 positions. Not all sectors lost jobs; private educational and health services and the always-fluctuating food manufacturing industry added jobs over the past year. However, the county’s many job losses led to an increase in Lincoln County’s seasonally-adjusted unemployment rate — from 5.5% in January 2008 to 9.6% in January 2009 — while the county’s number of unemployed swelled by more than 1,100 people.

ERIK KNODER
WorkSource Oregon regional economist


0409OED1 0409OED2

Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it


 

More Articles

Reader Input: Road Work

March 2015
Wednesday, July 15, 2015

Oregon's roads are crumbling, and revenues from state and local gas taxes are not sufficient to pay for improvements. We asked readers if the private sector should help fund transportation maintenance and repairs. Research partner CFM Strategic Communications conducted the poll of 366 readers in February.


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...

Money Troubles

September 2015
Thursday, August 20, 2015
BY DAN COOK

The state’s angel investing fund gets hammered in Salem.


Read more...

Is there life beyond Reed?

September 2015
Wednesday, August 19, 2015
BY GARY THILL | PHOTOS BY JASON E. KAPLAN

A storied institution climbs down from the ivory tower.


Read more...

Photo log: Murray's Pharmacy

The Latest
Friday, July 17, 2015
OBM-Heppner-Kaplan thumbBY JASON KAPLAN

Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner.  The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.


Read more...

Department of Self-Promotion

Linda Baker
Tuesday, August 04, 2015

061715-awards1Oregon Business wins journalism awards.


Read more...

Reader Input: Fair Play

May 2015
Wednesday, July 15, 2015

Former Governor John Kitzhaber's resignation in February prompted some soul searching in this state about ethical behavior in industry and government.


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