Economy
By Rachel Eliot Accountant at People’s Bank of Commerce In the early years of the 1970’s the easy-money policies of the American central bank designed to generate full employment resulted in high inflation. The great inflation began in late 1972 and continued through the early 1980’s. The 1970’s saw some of the highest rates of inflation…
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Middle Market optimism surges +24 points over pre-pandemic levels: more than 70% of companies embrace continued adaptation with “significant” changes to strategy and operations anticipated Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), released its annual 2021 Business Barometer, an in-depth study into the mood, mindset, and strategic priorities of nearly 1,200 leaders at small and…
Read MoreWhy is a kicker in the news? The Oregon Economic and Revenue Forecast released February 24, 2021 indicates Oregon’s actual revenue in 2019‒21 is expected to be better than projected, raising the possibility of an Oregon state surplus income tax credit known as the “kicker” to be claimed on the 2021 tax return that will…
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Mortgage lender approaches 150 teammates in the rapidly growing PNW region just two years after launch Churchill Mortgage, an industry leader providing conventional, FHA, VA and USDA residential mortgages across 48 states, announced today the next chapter of its Pacific Northwest expansion with the acquisition of Team Canales, a team led by three women with…
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BY DAMON RUNBERG REGIONAL ECONOMIST CROOK, DESCHUTES, JEFFERSON, KLAMATH, AND LAKE COUNTIES DAMON.M.RUNBERG@OREGON.GOV (541) 706-0779 The U.S. Census Bureau developed the Household Pulse Survey in order to measure the experiences of households during the COVID-19 pandemic. This experimental data series is a valuable tool for us in understanding how the pandemic is impacting Oregonians at…
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Avista Utilities has launched a new service at SouthernOregon.SizeUp.com that will compare your business to your industry competitors and help you find customers, suppliers and competitors in the markets you serve. It will also help you optimize your target advertising and marketing. According to Steve Vincent, Oregon Regional Business Manager, “Avista recently contracted with business intelligence…
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By Sarah Cunningham Employment Economist sarah.e.cunningham@oregon.gov In 2020, Oregon’s population increased by 31,655 to 4,268,055. This marked growth of 0.7% over the year and growth of 11.4% since the 2010 Census. Portland State University’s Population Research Center recently released more detailed information on why this population growth has occurred. There are two main reasons that…
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By Jessica Nelson Employment Economist jessica.r.nelson@oregon.gov Many working parents in Oregon rely on the child care industry for safe, affordable, and educational care for their children. The importance of the industry has been highlighted in the pandemic recession, as child care centers and providers faced new restrictions and risks of providing care in Oregon communities.…
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by Brian Rooney Regional Economist Douglas and Lane counties brian.t.rooney@oregon.gov Employment in printing and related support activities has been on the decline since the late 1990s. Advances in digital technology have contributed to declines in employment in two important ways. First, by changing the marketplace the industry operates in as options to deliver information become…
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By Mark McMullen and Josh LehnerOregon Office of Economic Analysis ECONOMIC OUTLOOK The cycle is different. The nature of the pandemic induced recession lead the economy into a severe shutdown essentially overnight last spring. Since then nearly every economic indicator has looked better than first feared. While the broad contours of the economic outlook remain…
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By Timothy A. Duy Director, Oregon Economic Forum Department of Economics, University of Oregon 541-346-4660 · duy@uoregon.edu Fourth Quarter 2020 Analysis The Central Oregon Business Index continued to rise in the fourth quarter despite the winter wave of the Covid-19 pandemic and the associated restrictions on business activities. While a broad array of indicators have improved, the…
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Timothy A. Duy Senior Director, Oregon Economic Forum Professor of Practice Department of Economics University of Oregon Eugene, OR 97403-1285 541.346.4660 duy@uoregon.edu I don’t have a take on GameStop. Instead, I have a take on a GameStop take. This kind of commentary (via Axios) is floating around: The current state of financial markets “is a…
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