University of Oregon economist Tim Duy released the Oregon Regional Economic Index report for August this morning.
Duy said labor force growth had a neutral contribution everywhere in Oregon but the Rogue Valley, possibly suggesting the deterioration of this statistical indicator is slowing. High unemployment remains a particular drag in the Rogue Valley, Salem and Central Oregon.
Duy noted the Portland Metro area continues to outperform with growth that is above average, while remaining regions in Oregon are growing at rates below their respective averages. All areas show either roughly steady or improved growth compared to last year.
All areas show either roughly steady or improved growth compared to last year. But even after the Washington fiscal stalemate was settled, Duy said, expect for financial fallout.
The Bureau of Labor Statistics has updated its time for releasing data after returning to work today. Employment data will be dispersed next week.
If you consider yourself a news junkie, this report from Pew Research Center is about you.
The Portland Business Journal reports, gains by locally based publicly traded firms can increase housing prices in those areas.