Tuesday, February 8, 2011

University of Oregon Index and Ag sales looking up

Two stories today show positive signs of economic activity in Oregon.

UO Economic Index, December 2010
The recently-released University of Oregon Index of Economic Indicators reported an increase of 2.7 percent in December. Labor market indicators were positive; initial unemployment claims declined sharply, and employment services payrolls rose substantially.

The Index summary gives an upbeat outlook. "The UO Index has now completely reversed the losses experienced this summer, alleviating concerns of a double dip recession. Similarly, national level indicators improved at the end of 2010, with the economy re-accelerating after suffering a mid-year slowdown. Improving national conditions, combined with rising state level measures of activity, point toward a more even, sustainable pattern of economic growth in Oregon in 2011."

Get more details in the full release.

Agricultural Sales Rose in 2010
Sales of Oregon agricultural products recovered some ground after a "dismal" 2009, according to an annual report from Oregon State University. Sales of farm products increased by 3.8 percent to $4.3 billion in 2010.

Still, agriculture remains far from a full rebound. Grass seed farmers and ornamental plant growers continued to be hard hit in 2010. Cranberries recorded the highest price in history ($1.25/lb) two years ago, which plummeted to $0.23 per pound in 2010. In Lane County alone, total agricultural sales fell by 20 percent during the last two years.

The full story from the Register-Guard has additional details.

No comments: