Monday, July 30, 2012

Oregon (and US) nonfarm payrolls stagnant for a decade

The source is the Oregon Employment Department; the peak in the middle of the decade was due to the housing bubble. For context, here is a chart of total US non-farm payrolls over a longer time scale:

The national trend during the decade shown on the Oregon chart is roughly the same during the same time period.  Oregon has an older demographic profile than the country; so I'd expect worker growth in Oregon to lag the national trend going forward.

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