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|Wednesday, June 17, 2009|
By now, you have no doubt heard that Oregon's jobless rate is the highest it's been since the state began stacking unemployment consistently in 1976. You may also have heard that the job losses in May weren't as bad as was expected, with surprising signs of life in construction (up 1,700 jobs over April) and leisure and hospitality (up 4,900 jobs over April). Does that mean we're on the verge of bouncing back?
Wouldn't it be pretty to think so. Construction and tourism are inherently seasonal, and summer has come to Oregon at last. It's nice to see the new hires, but how do the numbers compare to a year ago?
Not well. Oregon has lost 17,700 construction jobs and 5,900 tourism jobs over the past year. The only areas of gain over the past year have been government jobs, insurance, health care, private education and food manufacturing. Economic bedrocks such as manufacturing, professional services, retail and transportation have been hammered.
Which brings me back to my original quest. Who's going to pull us out of this slump? I'll stick with my core list of companies with potential, and add a few new up-and-comers such as the health care reformers running Wellpartner and the grant gurus at Cayuse. I'm also thrilled to point out that one of the businesses I spotlighted early, Brammo, recently scored a major coup by getting electric bikes into Best Buy stores. If these bikes sell, jobs will come to Ashland.
Do these pipsqueaks add up to the powerhouses Oregon has lost, the Willamettes and Hynixes and Freightliners?
Of course not. But give them time — and support.
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A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
Thinking about an MBA? Join us for our upcoming Wine & Cheese Information Session to learn more about Concordia University's MBA program.
Providing attendees with unique taste of the Northwest Reception.
CFM Strategic Communications turns 25 this year and is celebrating with a revamped website, special events for firm alumni and clients, a special-label wine and a list of 25 stories about its client work over the past quarter century.