|| Print ||
|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.
|The Private 150: Bigger But Leaner|
|The Perfect Food|
|Taxis Uber Alles?|
|Powerlist: Staffing Firms|
|Facebook revenue surges 61%|
|Walmart unexpectedly fires CEO|
|GM profit declines 80%|
|Study: Dogs can feel jealousy|
|Boeing profit surges 52%|
|Apple: iPhone sales jump|
|Comcast profit rises 15%|
Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.