A new report by the Oregon Employment Department shows that the state’s per capita personal income is far behind the rest of the nation.
A new report by the Oregon Employment Department shows that the state’s per capita personal income is far behind the rest of the nation.
The question is, why?
According to the report, Oregon’s per capita personal income was $36,125 in 2009, just 91.2 percent of the nation as a whole. Although the state’s PCPI has grown, it is not growing as fast as the national average or some other states.
The report, “Why Oregon Trails the Nation: An Analysis of Per Capita Personal Income,” found that in the past decade, the state’s inflation-adjusted PCPI grew by 7 percent compared to 12 percent for the nation.
The report also found that the PCPI in the state’s metropolitan areas is far below the average for all metropolitan areas in the nation. In contrast, the PCPI in Oregon’s non-metropolitan areas is similar to non-metropolitan areas across the nation.
Read more at the Portland Tribune.
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