economy

Oregon Revenue Outlook
4:35 pm
Wed August 29, 2012

Oregon Revenue Picture Brightens Slightly

Oregon lawmakers got some good news about the state's revenue outlook on Wednesday.
Gregg M. Erickson

Oregon lawmakers got some short term good news Wednesday: state revenues are predicted to be a little higher than previously thought. But the long-term outlook remains gloomy.

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Wash. Jobs, Employment Numbers
5:11 pm
Wed August 15, 2012

Wash. Jobs, Employment Numbers Contradict

Washington added 5,000 jobs in July, but the state's unemployment rate rose to 8.5 percent.
Washington State Employment Security Department

Washington’s jobs and employment numbers for July contradict each other in the latest figures released Tuesday. Washington gained 5,000 jobs last month. Yet the state’s unemployment rate crept up to 8.5 percent.

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Wash. Liquor Prices
6:16 am
Tue August 14, 2012

Washington Liquor Prices Up 17% Over Last Year

Liquor prices in Washington state were 17 percent higher in June 2012 compared to the same month one year ago.
Photo by Austin Jenkins Northwest News Network

Washington liquor prices were 17 percent higher on average in June, compared to the same month a year ago. The state Department of Revenue says sales declined in the first month private retailers could sell spirits in Washington. The drop is partially a result of bars and restaurants stocking their shelves in May.

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Malheur County
7:03 am
Wed August 8, 2012

Malheur County: Lots Of Land, Very Few Jobs

Malheur County, in southeast Oregon, is one of the poorest counties in the country.
Photo by David Benbennick Wikimedia Commons

Malheur County has the highest poverty rate in Oregon and the tenth highest in the U.S. Oregon Public Broadcasting's Amanda Peacher spoke with some of the county’s low-income residents, and filed this report on how they’re making ends meet.

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Northwest Silver Mines
4:39 pm
Tue August 7, 2012

Northwest Silver Mines To Remain Under Separate Ownership

Hecla Mining failed to take over Toronto-based U.S. Silver.
Jessica Robinson Northwest News Network

Two of the most productive silver mines in the Northwest will remain under separate ownership after several weeks of corporate wrangling.

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Oregon Economy
5:58 am
Tue July 31, 2012

Oregon's Economy Continues Uneven Recovery

Oregon's economy showed mixed recovery in May. Most of the state's metropolitan regions continued to struggle, but the Portland area showed real progress. KLCC's Jes Burns reports.

The University of Oregon's Regional Economic Index for May found that Portland outperformed the rest of the state. Oregon Economic Forum Director Tim Duy says that area is once again growing at the average rate of the last 14 years.

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Oregon Federal Foreclosure Assistance Funds
5:51 pm
Mon July 30, 2012

Oregon Has Highest Distribution Rate Of Federal Foreclosure Assistance Funds

A graph showing the rate at which states have used federal “Hardest Hit” dollars.
Northwest News Network

Oregon has been the most aggressive state in distributing federal funds aimed at preventing foreclosures. The state has tapped into nearly half of the $220 million it received under the “Hardest Hit” program. That's a higher rate than any of the other 17 states and Washington, D.C., that were awarded the funds.

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Grain Prices
5:59 am
Mon July 30, 2012

Northwest Farmers Cash In On Strong Grain Prices During Drought

Owner Todd Ray, of SS Equipment, says his sales are up 20 percent from about two years ago. He owns ten New Holland tractor dealerships in Washington and Oregon. Ray attributes the uptick to higher commodity prices.
Photo by Anna King Northwest News Network

Drought that’s sizzling the rest of the nation has largely left the Northwest states alone. Furthermore, the Midwest’s farmers’ misfortune is actually benefiting farmers here. That’s because grain prices are raising because of the Heartland’s decimated yields. Correspondent Anna King has this report from central Washington’s grain country.

Wheat stubble, grain elevators and whole lot of wide open – that’s Connell, Washington.

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U.S. Economic Growth
4:38 pm
Fri July 27, 2012

U.S. Economy Slows In Second Quarter

Percent change in U.S. Gross Domestic Product from 2010 to 2012.
Bureau of Economic Analysis

New figures out Friday show the U.S. economy is growing at a slower pace than previously thought. That's due in part to weak consumer spending and a rise in imports.

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Washington Job Growth
6:33 pm
Wed July 18, 2012

Wash. Gains 10,000 Jobs, But Jobless Rate Still 8.3 Percent

U.S., Washington and Seattle unemployment rates, seasonally adjusted, from June 2007 through June 2012.
U.S. Bureau of Labor Statistics

Washington has gained back more than half the jobs it lost during the Great Recession. The state reached that benchmark last month with the gain of 10,000 new jobs.

Even so, Washington’s unemployment rate remained unchanged in June at 8.3 percent. That’s because the universe of people actively looking for work is also growing.

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