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Oregon economic growth slows

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Thursday, December 20, 2012

Economic growth slowed throughout Oregon this fall, according to a new University of Oregon index.

Of the five regions tracked by the UO gauge, only the Eugene-Springfield area is growing faster than its norm over the past 15 years. The measure calculates a three- or six-month picture of growth by combining several economic indicators, including jobs, construction and travel data.

Hiring slumped statewide this fall, as Oregon lost a combined 1,000 jobs in the past three months. Amid the stagnant job growth, Portland's economic growth has slowed, and the metro area is now expanding at a below-average rate, UO economist Tim Duy said.

Read more at OregonLive.com.

{biztweet}oregon economy{/biztweet}

 

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