Tuesday, March 8, 2011

News: UO Economic Index, Harry and David, and more

Here's some news that won't get you excited: The Oregon Economic Index from the UO reported no change from December to January. Sounds like the economy is pretty flat...

Unless you read the fine print. Turns out that there was no change overall because "a sharp decline in core manufacturing orders offset otherwise generally positive indicators."

Which economic indicators looked positive? You'll have to check out the full article.

In other news:

- Sounds like the large Southern Oregon employer Harry and David is struggling. They recently closed a handful of stores around the U.S. and the forecasts from financial analysts aren't promising. According to OPB, the company will survive, but it may need to downsize. See what you think after reading the full article.

- One of Harry & David's former suppliers is also struggling. Fellow pear-loving Southern Oregon company Associated Fruit laid off half its staff last week. See the original Mail Tribune story.

- To wrap up our news roundup with some good news: Canby Manufacturer Shimadzu Manufacturing is expected to add employees, according to OPB.

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