Home Back Issues April 2009 Ebb tide in the Central Coast’s economy

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

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...

South Waterfront's revenge

News
Thursday, July 24, 2014
MoodyAveBY LINDA BAKER | OB EDITOR

Remember the naysayers?  Those who called the South Waterfront aerial tram a boondoggle?  Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


Read more...

OB Video: Dress for Success

News
Wednesday, July 02, 2014
DFSOBY 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.


Read more...

Green Endeavor cleans up

News
Wednesday, August 06, 2014
080614 ULnew greenendeavorBY LINDA BAKER | OB EDITOR

Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.


Read more...

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY 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?”


Read more...

Community colleges and sustainability

Contributed Blogs
Thursday, July 31, 2014
sustainabilityBY MARY SPILDE | OB GUEST CONTRIBUTOR

Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.


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