Although the United States economy has seen a recent uptick, Oregon’s economy is still slipping.
Although the United States economy has seen a recent uptick, Oregon’s economy is still slipping, according to the University of Oregon Index of Economic Indicators.
The index slipped .3% from November to 88.8.
The index uses 1997 as the base year of 100. The higher the index, the better the economic outlook for the next few months.
Oregon’s economy lost steam in November, with weakness compared to the previous month for most of the index’s indicators, including the Oregon employment services payrolls and Oregon weight distance tax, a measure of trucking activity.
“We’ve had some good signs in the index, such as a decrease in initial unemployment claims, but we’re not really seeing that translate into a lot of new hiring activity,” [economist Tim] Duy said.
Read more at The Register-Guard.
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