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

Picture This

May 2015
Monday, April 27, 2015
BY JACOB PALMER

As a general rule, the more people with autism can be provided with visual cues, the better they will be able to understand and manage their environment. It’s a lesson Tom Keating learned well. The 61-year-old Eugene grant writer spent 31 years taking care of his autistic brother James, and in the late 1980s developed a spreadsheet that created a series of nonsense characters that grew or shrank depending on how much money James had in his account. 


Read more...

100 Best Green Workplaces in Oregon

June 2015
Friday, May 22, 2015
BY KIM MOORE

As momentum grows at the state level to introduce far-reaching environmental regulations, such as carbon pricing and the Clean Fuels Program, Oregon employers continue to go the extra mile to create green workplaces for their employees.


Read more...

Eco Zoned

June 2015
Friday, May 22, 2015
BY HANNAH WALLACE

Travelers have always come to Oregon for its natural beauty. But will the increasing popularity of agritourism, European-style hiking getaways and forest resorts relax Oregon's notoriously strict land-use laws?


Read more...

Oregon businesses face destruction from future earthquake

The Latest
Wednesday, May 20, 2015
htctthumb1BY KIM MOORE | RESEARCH EDITOR

An earthquake would completely destroy many Oregon businesses, highlighting the urgent need for the private and public sectors to collaborate on shoring up disaster preparedness, said panelists at an Oregon Business breakfast summit today.


Read more...

Much ado about data-driven organizations, for good reason

Contributed Blogs
Monday, April 13, 2015
bigdatathumbBY GRANT KIRBY | OP-ED CONTRIBUTOR

The mega-shift from technology-driven to data-driven organizations raises questions about Oregon’s workforce preparedness.


Read more...

No Boundaries

June 2015
Friday, May 22, 2015
BY AMY MILSHTEIN

Floor plans embrace the great wide open.


Read more...

Photo Log: The 2015 100 Best Green Workplaces in Oregon

The Latest
Wednesday, May 27, 2015
greenthumbPHOTOS BY JASON E. KAPLAN

Oregon Business celebrated the 100 Best Green Workplaces with an awards luncheon yesterday at the Nines Hotel in downtown Portland.


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