The latest news of interest to multifamily housing investors in Oregon and Washington.
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Wednesday, July 23, 2014
Portland Workforce Poised For 16% Growth 2012-2022
According to the Oregon Employment Department, Clackamas, Multnomah and Washington counties will add 136,700 jobs between 2012 and 2022 bringing total employment close to one million. That’s a 16 percent increase, slightly better than the state overall, which is expected to add 257,900 jobs for a 15 percent increase.
Private employment in the three counties is projected to grow 17 percent, led by construction at 29 percent. Specialty trade contractors and construction of buildings will likely do most of the hiring. Private educational and health services should grow 23 percent due to staffing demands in both private education as well as ambulatory (outpatient) and nursing health care.