Oregon’s economic health is up slightly for the first time since June, but only based on a decline in initial unemployment claims.
Oregon’s economic health is up slightly for the first time since June, but only based on a decline in initial unemployment claims.
The University of Oregon Index of Economic Indicators, which is authored by Tim Duy, rose 0.2% to 86.2 in September.
Duy cautioned, however, about reading too much into a one-month improvement of one indicator, and he noted that the rest of the index was relatively weak.
“So you have all these relatively soft or flat data and you had one pretty good data point, and the net effect was a small increase in the data as a result,” Duy said. “What that’s telling me about the future is that we’re still mired in this relatively slow growth economy that so far has not been producing very strong job growth.”
Duy predicts that it will be three to six months before job growth improves in Oregon.
Read more at The Register-Guard.
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