April 2018 Oregon Regional Economic Indicators

In case you missed it, save the date for this year’s Oregon Economic Forum.

15th Annual Oregon Economic Forum:

Reaching for Economic Equity and Inclusion in the Second Gilded Age

Although the economy remains in the midst of what will likely be a historically long economic expansion, the challenges of “poverty amidst plenty” remain. In this event we will explore different facets of equity and inclusion issues spanning from geographic to racial to gender divides and the actions that may help alleviate the economic impacts that stem from those divides. In addition, Tim Duy and Bruce McCain, Chief Investment Strategist for Key Private Bank, will discuss the economic outlook and the associated financial market implications.

Keynote Speaker Heather Boushey is executive director and chief economist at the Washington Center for Equitable Growth and coeditor of a volume of 22 essays on how to integrate inequality into economic thinking. The New York Times has called Boushey one of the “most vibrant voices in the field.” She previously served as chief economist for Hillary Clinton’s transition team, and as an economist for the Center for American Progress, the Joint Economic Committee of the US Congress, the Center for Economic and Policy Research, and the Economic Policy Institute. She sits on the board of the Opportunity Institute and is an associate editor of Feminist Economics. She received her PhD in economics from the New School for Social Research and her BA from Hampshire College.

Oregon Regional Economic Indicators:

Good morning.  Below is the University of Oregon Regional Economic Indexes for April 2018.  The release date is today, July 2, 2018. We thank KeyBank for their generous support of this project.

For full report click here.

Measures of economic activity eased in most of Oregon’s major metropolitan areas in April due to softer employment numbers. Highlights of this month’s report include: Continue Reading

April 2018 State of Oregon Economic Indicators

In case you missed it, save the date for this year’s Oregon Economic Forum.

This is the University of Oregon State of Oregon Economic Indicators for April 2018. The release date is June 7, 2018. Special thanks to our sponsor, KeyBank.

Link to full report here.

The Oregon Measure of Economic Activity fell in April to 0.43 from a March reading of 1.13.  Highlights of this month’s report include: Continue Reading

2018 Oregon Economic Forum

Save the date! For sponsorship opportunities, please contact Tim Duy at duy@uoregon.edu.

15th Annual Oregon Economic Forum

Reaching for Economic Equity and Inclusion in the Second Gilded Age

Registration available!

October 17, 2018
Portland Waterfront Marriott
7:00–11:00 AM
Breakfast begins at 7:00 AM
Speakers begin at 7:45 AM

Although the economy remains in the midst of what will likely be a historically long economic expansion, the challenges of “poverty amidst plenty” remain. In this event we will explore different facets of equity and inclusion issues spanning from geographic to racial to gender divides and the actions that may help alleviate the economic impacts that stem from those divides. In addition, Tim Duy and Bruce McCain, Chief Investment Strategist for Key Private Bank, will discuss the economic outlook and the associated financial market implications.

Speakers:

Tim Duy, Oregon Economic Forum, University of Oregon
Bruce McCain, Chief Investment Strategist, Key Private Bank
Gregory Acs, Vice President–Income and Benefits Policy Center, Urban Institute
Nita Shah, Executive Director, Microservices Enterprise Services of Oregon

Keynote Speaker
Heather Boushey, Executive Director and Chief Economist, Washington Center for Equitable Growth.

 

About Heather Boushey:

Heather Boushey is executive director and chief economist at the Washington Center for Equitable Growth and coeditor of a volume of 22 essays on how to integrate inequality into economic thinking. The New York Times has called Boushey one of the “most vibrant voices in the field.” She previously served as chief economist for Hillary Clinton’s transition team, and as an economist for the Center for American Progress, the Joint Economic Committee of the US Congress, the Center for Economic and Policy Research, and the Economic Policy Institute. She sits on the board of the Opportunity Institute and is an associate editor of Feminist Economics. She received her PhD in economics from the New School for Social Research and her BA from Hampshire College.

March 2018 Oregon Regional Economic Indicators

Good morning.  Attached is the University of Oregon Regional Economic Indexes for March 2018.  The release date is today, May 29, 2018. We thank KeyBank for their generous support of this project.

Oregon Regional Economic Indicators:

The ongoing economic expansion continues to lift activity in Oregon’s major metropolitan areas. Highlights of this month’s report include:

View full report with charts here…

  • For all regions covered by this report, both raw and moving average measures (which smooth monthly volatility) were solidly above zero in March, indicating an above-trend pace of activity (trend activity differs across regions).
  • New home construction continues to be mixed overall, with positive contributions in the Portland and Bend regions but nearly neutral to negative in other areas. Housing sales are solid in all areas.
  • The Eugene-Springfield measure has retreated from an unusual spike in January though remains at a level consistent with previous expansions. Low unemployment rates supported all measures. In contrast, weak labor force growth was a negative factor, although this is likely temporary.
  • Low initial unemployment claims also continue to be a supportive factor for these measures and indicate job growth is likely to remain positive for the foreseeable future.

Media Contacts:
Tim Duy – 541.346.4660 (w)

March 2018 Oregon Statewide Economic Indicators

This is the University of Oregon State of Oregon Economic Indicators for March 2018. The release date is May 7, 2018. Special thanks to our sponsor, KeyBank.

Link to full report here.

The Oregon Measure of Economic Activity rose in March to 1.01 compared to a downwardly revised February reading of 0.61. Highlights of this month’s report include:

  • The moving average measure, which smooths out the volatility, slid to 1.09, well above average. (“zero” indicates average growth over the 1990-present period) but cooling somewhat compared to the run-up at the end of 2017.
  • The construction sector made a modest negative contribution to the measure, weighed down by weaker employment components; new housing units permits made a nearly neutral contribution. A softer stock market compared to last year has reduced the contribution from that sector to nearly neutral. Consumer sentiment, however, continues to add positively to the measure.
  • The University of Oregon Index of Economic Indicators gained for a fourth consecutive month, rising 0.4 percent. Initial unemployment claims continue to bounce along sideways at very low levels consistent with economic expansion and ongoing job growth.
  • Trucking activity as measure by the Oregon weight distance tax continues to rise, reaching a new cycle high and indicating gains for Oregon’s traded-sector economy.

Together, these indicators suggest ongoing growth in Oregon at an above average pace of activity.

Media Contacts:
Tim Duy – 541.346.4660 (w)