Clackamas County is recovering from the Great Recession. It has added
back nearly 5,000 jobs since bottoming out in 2010, or about one-third of
recessionary losses. Meanwhile, neighboring Multnomah and Washington counties
have made a full jobs recovery, and then some. Employment is thousands of jobs
above pre-recession peaks.
It’s not as if
Clackamas County is doing anything ‘wrong’. Multnomah County, with
the state’s largest city, is home to a disproportionately large share of
Oregon’s professional and business services employment; a sector that has
posted solid gains nationally and statewide throughout the recovery. In Washington County,
Intel has been expanding for years.
Population and housing are also both drivers of economic growth. Clackamas
County has experienced solid population growth and a rebound in its housing
market. However, the magnitude of each has been greater in Multnomah and Washington
counties.
Despite differences
in industry and demographic trends, Clackamas County is adding jobs. The
recovery is underway in all major private sector industries, manufacturing and
retail trade in particular.
For more on the recovery in Clackamas, Multnomah, and Washington counties, check out Amy Vander Vliet's full article on QualityInfo.org.
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