Office of Economic Analysis Economic Forecast – Oregon
“The U.S. economic recovery remains intact and may finally be exhibiting signs that growth is picking up as job gains across the country are now on pace to be the strongest since 2000. Oregon’s employment growth has accelerated sharply over the past year and a half. The state is now adding jobs about one percentage point faster than the nation, a differential growth advantage Oregon typically enjoys during economic expansions.
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Along with more job opportunities come more individuals in search of employment. In the past nine months, Oregon’s labor force has increased and added back nearly a quarter of the labor force losses it suffered following the financial crisis. As the labor force increases, it places upward pressure on the unemployment rate, but for a good reason. Even with the stronger job gains, the state’s unemployment rate has remained unchanged in 2014.”
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