Thursday, January 14, 2010

Oregon's Economy Shows Fourth Month Straight of Improvement

The University of Oregon Index of Economic Indicators rose 1 percent in November, making four straight months of improvement. The UO Index is up an annualized 2.1 percent from six months ago. Univeristy of Oregon associate professor of economics Tim Duy said these patterns are consistent with expanding economic activity, and that the recession in Oregon ended last August.

Employment levels are expected to improve slowly in the months ahead.