Economic and Job Outlook Appears Headed in Right Direction

You may have heard that our economy is better and the job market is improving. Statistics released recently by the Oregon Employment Department suggest the same thing.

Local unemployment rate in Marion County:

· April 2013: 8.6 percent

· April 2014: 7.2 percent

Local unemployment in nearby Polk County:

· April 2013: 7.8 percent

· April 2014: 6.5 percent

Unemployment rate in Oregon:

· April 2013: 7.9 percent

· April 2013: 6.9 percent

Unemployment rate in U.S.:

· April 2013: 7.5 percent

· April 2014: 6.3 percent

The civilian labor force in Marion County has gone down slightly, but many industries are seeing growth.

· Construction is up 12.3 percent

· Educational and health care jobs are up 2.6 percent

· Leisure and hospitality jobs are up 4.7 percent

· Manufacturing is up 2.8 percent

· Professional and business services, as well as transportation, warehousing and utilities jobs are all up 2.6 percent as well

Not only are there more jobs, but wages in the Salem Metro area are increasing. The median hourly wage is $16.40, while it sits at $18.58 in the Portland-Vancouver, Wash. area. The mean hourly wage, or true middle, is slightly higher at $20.44 for our area. That puts us higher than Boise, Idaho, Bend, Medford and Eugene areas. This is great news for residents in Marion County.

Right here in Woodburn we are seeing new construction on homes and businesses, and we are hopeful for new businesses on the west side of Interstate 5 as the Interchange Project winds down next year.

In addition to the uptick in jobs and building, the U.S. Census Bureau has updated some statistics for Woodburn, and I wanted to share those with you:

· Population: 28,803

· Average age: 32.5

· Median household earnings: $42,660

· Education achieved (18-24 years old):

o 38.8 percent less than high school graduation

o 41.5 percent high school graduation

o 19.2 percent some college

o 2.5 percent bachelor’s degree or higher

· Language: Speak only English, 43.5 percent; speak a language other than English, 56.5 percent (45.7 percent Spanish)

Blog Categories: