Central Oregon Economic Indicators – October 2019 Edition

BY: Kale Donnelly  //  Workforce Analyst  // Serving the East Cascades of Oregon

Pictured below and linked here is the October 2019 Edition of the Central Oregon Economic Indicators. Please keep in mind that the data presented is for September 2019. The data lags by one month due to the timeliness of employer reporting, as well as a checking of accuracy on our part.

Key takeaways from this month’s indicators are:

  • Central Oregon’s unemployment rates remained largely unchanged over the year. Both Deschutes and Jefferson counties’ rates remain the same as their September 2018 levels, while Crook County’s rate edged downward by two tenths of a percentage.
  • Deschutes and Crook Counties experience an increase in total nonfarm employment from their previous levels in September 2018, while Jefferson County’s total nonfarm employment levels remained the same.
  • This edition’s Graph of the Month:

The conversation about housing affordability (or a lack thereof) is nothing new in Oregon’s communities these last few years. Housing prices have been increasing, but what about two other integral factors such as interest rates and wages? It turns out that accounting for all three variables shows that housing is “more affordable” (in terms of borrowing) today than it was before the Great Recession. Interested in learning more? Contact Kale Donnelly, Workforce Analyst – Serving the East Cascades of Oregon // E:

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  1. Marcus says:

    The multiplicative effects of the RV industry on the regional economy are extensive. Professional services such as accounting and design pay high wages and contribute to spillover effects to other sectors. The residential real estate market has witnessed strong demand as single-family housing permits rose by 35.5 percent from 2015 to 2017. Similar to the national economy, leisure and hospitality has witnessed job gains of 4.7 percent over the most recent 12 months through January 2019. Financial activities and trade are recording strong job gains as well. The Elkhart and Goshen Chambers of Commerce and other partners understand the importance of small firms and advocate supporting entrepreneurs in starting and growing their businesses. Launch Elkhart is a relatively new partnership between the Chamber, City of Elkhart, the Community Foundation of Elkhart County and the Center for Business Excellence. Frontier Communications is providing high-speed internet access to many of the startups as their technical nature often requires it. The desire is to support and nurture entrepreneurship by providing the tools and services to be successful. Launch Elkhart states that the “venture is expected to become the assembly line of entrepreneurial success in Elkhart.

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