Finance

Wash. Employment
4:09 pm
Wed June 13, 2012

Washington Jobs Picture Brightens, But Unemployment Up Too

Washington state showed strong job growth in May in the private sector, but a slight increase in the unemployment rate.
Wash. Employment Security Dept.

The latest jobs report for Washington state contains a paradox. It shows strong job growth in the private sector. But at the same time, the state unemployment rate also rose.

Washington's Employment Department Wednesday reported a May jobless rate of 8.3 percent, up slightly from the revised 8.2 percent rate of April.

State labor economist Anneliese Vance-Sherman said in a conference call that the higher unemployment rate was caused primarily by once-discouraged workers resuming their job hunts.

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Oregon GDP
5:54 pm
Tue June 5, 2012

Oregon Gets Good Financial News With Its GDP

Oregon's gross domestic product grew by 4.7 percent last year, that's the second biggest increase seen in all states.

Gross domestic product is defined as the value added by production, so the wages of employees; the profits of businesses; and the taxes paid to governments.

In Oregon, the GDP of the construction sector, the education sector and health all grew by about 4 percent.
But Josh Lehner of the Oregon Office of Economic Analysis says it's the 15 percent increase in the high tech manufacturing sector that pushed the state to the top of the growth chart.

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Wash. Liquor Privatization
6:04 pm
Fri June 1, 2012

Wash. Shoppers React To Liquor In Grocery Stores

Alyssa Royse stocked up on tequila, vodka, gin, scotch and vermouth on the first day of private liquor sales.
Photo by Ashley Gross, KPLU Northwest News Network

The state of Washington has officially bid good riddance to its state run liquor stores. About five times as many stores will now sell hard liquor, and the new law that went into effect Friday means shoppers can head to supermarkets to buy vodka or rum. It’s a welcome change for some people, but not for everyone.

Shoppers gave their reactions outside of a Costco warehouse in Seattle.

Alyssa Royse was loading up bottles.

"I came here just to by liquor. We've got tequila, vodka, gin and of course vermouth."

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Harry & David in Eugene
4:00 pm
Tue May 15, 2012

Harry & David Will Bring Seasonal Call Center Back to Eugene

Harry & David's flagship store in Medford.
Photo credit: Tom Banse Northwest News Network

Harry & David will be bringing its seasonal call center back to Eugene this year. They'll employ 700 to 800 people from November through mid-December.

Harry & David shut down their Eugene call center in 2010 and 2011, when it was going through financial hardship.

Darren Prescott is Vice President for Customer Care. He says the company tried outsourcing.

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Direct Flights Portland-D.C.
5:46 pm
Mon May 14, 2012

New Non-Stop Flight From PDX to D.C.’s Reagan National

Alaska Airlines will run the service from PDX to D.C.'s Reagan National Airport.
Photo Courtesy of Alaska Airlines

The Federal Aviation Administration restricts flights to and from the D.C. area. But it has now authorization for eight non-stop flights from Western cities to Reagan National. Senator Ron Wyden says it'll be good for business.

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Oregon Business Investing
5:07 pm
Fri April 6, 2012

Oregon Investment Act signed

Oregon Governor John Kitzhaber has signed the 'Oregon Investment Act' into law Friday.
Photo credit: Oregon Office of the Governor Oregon Office of the Governor

Monica Enand runs the Oregon start-up 'Zapproved,' which makes legal software.  She thinks the 'Oregon Investment Act' will be a shot in the arm for new small businesses.

Monica Enand: "In the very beginning, especially in Oregon, it's tough to get any kind of investment dollars to get things rolling and get off the ground."

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Horizon Expands- Spokane, Medford, Boise
3:53 pm
Tue April 3, 2012

Horizon Air To Base Flight Crews In Boise, Medford and Spokane

Horizon will now base flight crews in Spokane, Medford, and Boise rather than putting them up in hotels.
Boise State Public Radio

Horizon Air will be establishing new inland northwest bases of operation starting in August. The airline plans to expand to three Northwest cities.

Horizon Air now bases its flight crews in Seattle and Portland. By the end of the summer, its nearly 900 pilots and flight attendants will also call Boise, Idaho, Medford, Oregon and Spokane, Washington home. Paul McElroy is a spokesman for the airline.

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Northwest News
5:06 pm
Tue March 27, 2012

Home Prices Continue To Drop In Seattle, Portland

"Home prices in both Seattle and Portland are down again. Photo by Timothy Ellis/Flickr
Photo credit: Timothy Ellis/Flickr Northwest News Network

Home prices continue to fall in the Northwest. New figures released show yet another drop in both Seattle and Portland.

The S&P/Case-Schiller Index measures housing prices in 20 large metropolitan areas around the country. The newest figures are through January and in them, both Seattle and Portland hit new lows for the current economic downturn. Average home prices in both cities are down about four percent from a year ago. Steve Thoele is an agent with Keller-Williams Realty in Portland. He blogs about housing trends in Oregon.

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