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Oregon Minimum Wage Rate Summary

Enacted by the 2016 Oregon Legislature, Senate Bill 1532 establishes a series of annual minimum wage rate increases beginning July 1, 2016 through July 1, 2022.  Beginning July 1, 2023, the minimum wage rate will be indexed to inflation based on the Consumer Price...

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Oregon Minimum Wage Rates

The “Standard’ rate applies to the following counties, with the exception of those areas located within the urban growth boundary of a metropolitan service district: Benton, Clackamas, Clatsop, Columbia, Deschutes, Hood River, Jackson, Josephine, Lane, Lincoln, Linn,...

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Fun Friday: Strong Oregon Wage Gains

Across the country, wage growth is slowly picking up as the economy strengthens. Both average hourly earnings, and the Employment Cost Index for wages and salaries are now approaching 3% annual growth. This is not great wage growth when we look historically. But,...

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Employment in Oregon: August 2018

Lowest on Record: Oregon Unemployment Rate Drops to 3.8 Percent in August Oregon’s unemployment rate was 3.8 percent in August, which was Oregon’s lowest unemployment rate since comparable records began in 1976. Oregon’s July unemployment rate was 3.9 percent. The...

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Deciphering Oregon’s Tight Labor Market

We know the economy is beginning to run into capacity constraints. The biggest issue today facing Oregon firms is the ability to attract and retain workers. The labor market is getting tighter for two primary reasons: a strong economy, and demographics as retirements increase. These factors are seen across the entire economy, not in an industry or two. Overall this results in slowing statewide job growth as the economy transitions down to more sustainable rates. 

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Employment in Oregon: July 2018

Lowest on Record: Oregon Unemployment Rate Drops to 3.9 Percent in July Oregon’s unemployment rate was 3.9 percent in July, which was Oregon’s lowest unemployment rate since comparable records began in 1976. Oregon’s June unemployment rate was 4.0 percent. The U.S....

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Oregon’s Food Economy

Oregon’s food economy overall employs nearly 290,000 workers, or 15% of the state workforce. It accounts for 4-5% of state GDP in recent years. One-third of these workers — nearly 100,000 — are in the production, processing, and distribution segments of the food economy.

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Oregon’s High-Tech Outlook

The biggest high-tech takeaway from an industrial structure point of view is that Oregon’s historical strengths are not expected to lead growth moving forward. Oregon’s high-tech legacy and our regional economy’s comparative advantage lies in hardware manufacturing, with semiconductors being the most prominent.

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Oregon Economic and Revenue Forecast, June 2018

Oregon’s industrial structure is very similar to the U.S. overall, even moreso than nearly all other states. That said, Oregon’s manufacturing industry is larger and weighted toward semiconductors and wood products, relative to the nation which is much more concentrated in transportation equipment (autos and aerospace). However, these industries which have been Oregon’s strength in both the recent past and historically, are now expected to grow the slowest moving forward. Productivity and output from the state’s technology producers is expected to continue growing quickly, however employment is not likely to follow suit.

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