Tagged: Oregon Economy

Oregon's economic outlook is looking brighter. That's according to state economists, who issued their quarterly revenue forecast Thursday. The news comes as lawmakers get ready to put together the state's next two-year spending plan.

The slow and steady improvement is still steady, just not quite as slow. The overall growth rate is still a bit behind past expansions, but state economist Mark McMullen says some of the factors holding back Oregon's economy are looking better, such as jobs and the housing market.

Oregon’s seasonally adjusted unemployment rate for February remains unchanged at 8.4 percent. A number of sectors are seeing growth.

Oregon Governor John Kitzhaber now has final revenue numbers to write his next two-year budget proposal. State economists Tuesday released their latest set of projections about Oregon tax and lottery income.

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.