Monday, April 16, 2007

Oregon economic growth expected to be slow to moderate

says says Timothy Duy, director of the Oregon Economic Forum at the University of Oregon. He was quoted in a story from the Portland Business Journal titled "UO reports economy down." Ke data from the story:

-"Four indicators -- Oregon residential building permits, help-wanted advertising in The Oregonian, Oregon nonfarm payrolls, and the interest rate spread -- improved."

-"The remaining four variables -- Oregon initial jobless claims, the Oregon weight-distance tax, U.S. consumer confidence and inflation-adjusted new manufacturing orders -- deteriorated."

-"employees on nonfarm payrolls in Oregon jumped by 7,000, snapping a trend of weaker numbers in the last half of 2006. Gains were concentrated in the professional and business services, trade, transportation, utilities, and construction sectors. Manufacturing employment, however, declined."

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