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Local News

Report Says Oregon's Economy "Bipolar"


The California Lutheran University Center for Economic Research and Forecasting releases its 4th quarter Economic Forecast today. 

 

The report indicates that while Oregon’s job growth is improving, and wages are significantly stronger, there was almost 8,000 jobs lost in September, making an almost 6% annual job loss.

 

The report also calls the job growth "bipolar" because while more businesses are established; the number of jobs available is weak because of the types of industry: Intel and server-farms like Facebook, that traditionally need fewer employees.

 

The report states they don't see Oregon jobs reaching their pre-recession high for several more years.

 

CLU CERF Executive Director Bill Watkins will present their findings today here in Bend at the Deschutes County Building at 9 am. 


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