July 2020 Regional Economic Indexes

Good morning.  Below is the University of Oregon Regional Economic Indexes for July 2020. The release date is September 29, 2020. We thank KeyBank for their generous support of this project.

Link to full report (with charts!) here.

Oregon Regional Economic Indicators:

Regional indexes were again all positive in July as the economy continued to rebound from the lockdowns earlier this year. Highlights of this month’s report include: Continue Reading

Economic Forum and July Statewide Economic Indicators

Please stay safe as our state struggles with this historic wildfire season.

Economic Forum

We are once again partnering with the SEDCOR in Salem for a virtual Economic Forum next week. I hope you can join me and Oregon’s state economist Mark McMullen as we dissect the national and state economies next week, September 16th at noon. Registration is free (although donations are welcome!). To register, please visit:

https://us02web.zoom.us/webinar/register/WN_6eUuq-XHQ-G0Da7Akth5lw

We look forward to being able to return to in-person events after the Covid-19 pandemic ends.

Monthly Recession Dating Indicators

Statewide Economic Indicators

Below is the University of Oregon State of Oregon Economic Indicators for July 2020. The release date is September 10, 2020. Special thanks to our sponsor, KeyBank

Link to full report (with charts!) here.

The improvement in the UO economic indicators suggest the end of the technical recession is in sight although the pace of the subsequent recovery remains in question.

Highlights of the report include: Continue Reading

June 2020 Regional Economic Indicators

Good morning.  Below is the University of Oregon Regional Economic Indexes for June 202o. The release date is August 25, 2020. We thank KeyBank for their generous support of this project.

Link to full report (with charts!) here.

Oregon Regional Economic Indicators:

Regional indexes were all positive in June as employment continued to rebound while economies gradually reopened. Highlights of this month’s report include:

  • Moving average measures, which smooths monthly volatility, remained negative (the moving average measures still include the very weak month of April).
  • Leisure and hospitality employment made a particularly strong contribution across regions; the sector had been one of the hardest hit by the initial shutdowns. Even after two months of job growth, the sector is a long way from recovery; statewide through July, leisure and hospitality has only recovered half the jobs lost in March and April.
  • Overall, the labor market remains distressed as revealed by high unemployment rates and high levels of initial unemployment claims, both of which contributed negatively to the measures.
  • Interestingly, housing activity remains very resilient. New permits made nearly neutral contributions in most regions; the Bend area had a solid positive contribution. Residential sales are also holding strong.
  • I believe regional economies are still adjusting from the push-pull of the shutdown and reopening and have yet to establish a new post-pandemic base.

Media Contacts:
Tim Duy – 541.346.4660 (w)

 

June 2020 Oregon Statewide Economic Indicators

This is the University of Oregon State of Oregon Economic Indicators for June 2020. The release date is August 4, 2020. Special thanks to our sponsor, KeyBank.

Link to full report (with charts!) here.

The Oregon Measure of Economic Activity rose in June to 0.41 from a downwardly revised -0.23 in May. Despite the gain over the past two months, the moving average measure, which smooths out the volatility, stands at -4.56, mired deep below average growth for the Oregon economy (0.0 on this scale). Highlights of the report include: Continue Reading