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|Wednesday, October 19, 2011|
Oregon unemployment remained stuck at 9.6% in September as state and local governments cut jobs.
The state's private sector is hiring -- 31,900 workers since September 2010 -- although strong employment growth late last year and early this year has slowed as the economy sputters. But the government sector, suffering from tax revenues diminished by the recession, has shed 7,900 jobs, holding back broader economic recovery.
The opposing trends popped out of the monthly employment report released Tuesday by Oregon officials. The same split is occurring nationally, as local governments shed unprecedented numbers of jobs.
"I'm afraid this will continue at least through the middle of next year," Wells Fargo economist Mark Vitner said. "And folks in the public sector are less prepared to be laid off, so they may be unemployed for a long time."
Shrinking local-government payrolls are just one drag on a precarious national economy that experts believe could reenter recession, given another shock or two.
The economy weathered hits from surging commodity prices and supply disruptions from Japan's tsunami. But Europe's debt crisis, jittery financial markets and reduced federal spending are retarding recovery and could turn south to derail the economy again.
Read more from OregonLive.com.
Monday, July 06, 2015
Picking a business partner is not much different than choosing a spouse or life partner, and the business break-up can be as heart-wrenching and costly as divorce.
Wednesday, June 24, 2015
One year after he was appointed chair of the Portland Development Commission, Tom Kelly talks about PDC's longevity, Neil Kelly's comeback and his new role as Portlandia landlord.
Friday, July 10, 2015
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The false promise of economic impact statements.
Friday, July 10, 2015
BY LINDA BAKER
Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened its third Portland store in the Cedar Mill neighborhood this year; another outpost in Bend broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.
Tuesday, July 28, 2015
Uncertainty in Greece and China, along with potential interest rate hikes mean investors are looking at the market and nervously questioning where they should be invested.
Friday, July 10, 2015
BY AMY MILSHTEIN
When gossip crosses the line.
Friday, July 17, 2015
Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner. The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.
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One of the many reasons why businesses fail is due to the lack of attention to analytics. Sure, you can go on running your business, but mastering the science of analytics will translate into a business advantage. But what exactly are analytics and why are they so important?
Court experience helps legal firm anticipate potential problems for clients and prevent expensive litigation.
When Garmin AT needed to consolidate operations for its 550 employees, it scanned its entire corporate map for possible sites.
Professional and Continuing Education (PACE) and the College of Business at Oregon State University is offering “Business Analytics for Competitive Advantage”, a two-day intensive workshop.
34 spots for food, 17 places to sip, and 7 sites to choose a brew beckon visitors.
A look back at the shifting sands of Portland’s growth and development.