Oregon Economy Continues to Improve

According to a report released this month by the Oregon Economic Forum, Oregon's economic Indicators continue improving:

• Oregon's economic activity rose to 0.33 in April.
• The manufacturing and services sectors contributed positively to the measure, while construction and household sectors dragged. 
• Overall, the Oregon economy is growing near to somewhat above its average rate since 1990.
• The University of Oregon Index of Economic Indicators™ has risen in each of the last seven months.
• Initial unemployment claims fell again, and are now in a region consistent with strong job growth. Initial claims were the lowest since May of 2007, prior to the onset of the last recession.
• Residential building permits (smoothed) are at their highest level since February 2008.

Download a PDF of the full report here.