The outlook calls for continued expansion with above average gains compared with the rest of the nation, but at a more moderate pace than in recent years according to the latest Oregon Economic and Revenue Forecast from the Oregon Office of Economic Analysis (OEA). They anticipate growth to slow from the full-throttle rates of 3 percent to 3.5 percent to about 2.5 percent this year, or roughly 3,500 jobs per month. OEA points out that these gains are still strong enough to accommodate anticipated population growth and hold down the jobless rate.
Growth will be dominated by service-sector industries such as the large and diverse professional and business services (e.g., company headquarters, temp help, computer systems design); leisure and hospitality (e.g., restaurants, golf courses); and private health care. These three sectors will account for nearly two-thirds of net new jobs.
Read Regional Economist Amy Vander Vliet's full article "Oregon Employment Forecast: Down Shifting from Full Throttle".