Wednesday, February 9, 2011

2010: A Year of Highs and Lows

At just about this same time last year, I wrote an article about Oregon's employment trends in 2009. The task of writing fell to me because our senior-most economist (the fancily titled State Employment Economist) had recently been promoted to a job with another agency. Usually s/he writes the big "year in review" article.

Thankfully we managed to hire a replacement before it came time to write the 2010 year-in-review article, and thus "2010: A Year of Highs and Lows" comes to you from state employment economist Nick Beleiciks.

The article contains quite a bit of info. It discusses Oregon's employment changes by industry, our job-growth ranking relative to other states, how average pay changed during the year, predictions for next year, and more! Some of the highlights are shared below, but you should really check out Nick's full article to get all the details.

• By November 2010, there were 15,900 more jobs than in November 2009 -- a growth rate of 1.0 percent over the year

• Most of the new jobs were in the private sector, but concentrated in a few industries

• At 8.6 percent, the information industry grew faster than any of Oregon's other major sectors

• The state's seasonally adjusted unemployment rate remained between 10.5 and 10.7 percent through the year

• Employment is projected to grow nearly 1.0 percent in 2011

And here's a graph from the article:

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