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An encouraging but tenuous economic forecast for the State of Oregon during the first quarter of 2011. Oregon has had some good job gains, but such industries as banking and real estate remain weak. Economist Bill Watkins is with the Center for Economic Research and Forecasting at Cal Lutheran University: “Our forecast right now is for more slow growth, slow job growth. Worried about the sustainability. We’re in a very risky time right now; particularly oil prices could push us back into a recession pretty easily.”  Watkins predicts if oil prices reach $150 a barrel, we'll slip back into a recession.

 

 

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Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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