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Oregon Business Report

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Located in Portland

Last update: April 26th, 2017 at 05:00 am

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Josh Lehner Oregon Office of Economic Analysis The May forecast is fast-approaching. It is the single most important thing our office does, as it effectively sets the revenue estimates and kicker baseline for the upcoming biennium. This week and next we are meeting with our economic and revenue advisors to discuss the outlo

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Governor Kate Brown Announces First in a Series of Cost Savings Across State Government Salem, OR—Governor Kate Brown announced that she is signing an Executive Order implementing a statewide hiring freeze. This is the first in a series of executive actions being taken by Governor Brown over the next several weeks in resp

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April 21st — First quarter earnings season kicked into high gear this week and investors were treated to a smorgasbord of blue-chip results across a range of industries. As they typically do, numbers for most companies have exceeded Wall Street expectations, but with almost 20 percent of the S&P 500 now having rep

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Retail Sales Grew 0.3 Percent in March By Treacy Reynolds WASHINGTON – Retail sales in March increased 0.3 percent seasonally adjusted over February and 3.5 percent unadjusted year-over-year, according to calculations released today by the National Retail Federation. The numbers exclude automobiles, gasoline stations and

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2016 Annual Numbers Press Release Posted by Brian Oregon Craft Beer by the Numbers In a Changing Craft Beer Climate, Oregon Drinkers Continue to Support Their Local Brewers   PORTLAND, Oregon — The Oregon Brewers Guild released their annual numbers report for 2016. Overall, Oregon is seeing strong growth in employmen

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By Oregon Employment Department, Oregon had the eighth fastest job growth among the states from January 2016 to January 2017. Adding 43,200 jobs for a growth rate of 2.4 percent, Oregon’s solid job growth was much slower than first ranked Idaho (+4.0%) and second ranked Nevada (+3.5%). Oregon’s job growth rate was nestl

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Education Savings Accounts Can Help Students Without Hurting Public Schools Cascade Policy Institute, By Steve Buckstein  School choice programs allow students to choose schools or other educational resources and pay for them with a portion of the tax funding that otherwise would go to the public school assigned to them by

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by Brad Houle, CFA, Executive Vice President April 14th — For the shortened holiday week, equity markets were down by almost 1 percent as investors followed events in Russia and North Korea. Interest rates were lower with the 10-year Treasury declining in yield from 2.36 to 2.22 percent. Each quarter we select a theme

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U.S. Chamber President Congratulates Judge Gorsuch on His Confirmation to the U.S. Supreme Court ‘He will undoubtedly use his gifted legal mind to help our country sort through our toughest questions for years to come,’ says Donohue WASHINGTON, D.C. — U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued

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Congressman Kurt Schrader Congressman Kurt Schrader re-introduced his Hold Congress Accountable Act (H.R.1794), which would reduce the salary of Members of Congress in the event of a government shutdown for as long as the shutdown continues. He first introduced a version of this bill in 2013 immediately following the start

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The Oregon Prosperity Project Call it Newton’s Law of Political Physics: For every action created by a regulation there is an equal and opposite reaction. Few proposed bills illustrate this principle as clearly as SB 828 and HB 2193, which would change the rules for scheduling workers. The bills require employers to estab

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Steve Duy Oregon Economics Indicator The February 2017 State of Oregon Economic Indexes was released today.  Full report is available here.  We thank KeyBank for their generous support of this project. Oregon’s economy continues to make gains in 2017. Highlights of this month’s report include: The Oregon measure

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by Ralph Cole, CFA Executive Vice President of Research Week in Review April 7, 2017 — Equity markets were relatively flat on the week as economic data was weighed against global events. Interest rates continued their slow trend downward with the 10-year U.S. Treasury finishing the week at a 2.32 percent yield. The Wo

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By Oregon Small Business Association, A typical monthly mortgage payment consists of two parts: a repayment on a part of the principle borrowed, and an additional amount based on the interest rate the mortgager charges for the loan. These two items (“principal and interest” or P&I) are added together into one paymen

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By NFIB, Small business optimism remained at one of its highest readings in 43 years, as small business awaits a new healthcare law, tax reform, and regulatory relief from Washington, according to the February National Federation of Independent Business (NFIB) Small Business Optimism Index, released today. “It is clear fr

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Barran Liebman Oregon Law Firm On March 21, 2017, the Ninth Circuit Court of Appeals determined that Oregon’s whistleblower statute protects private employees from retaliation for internal reports of possible violations of law.  This is the first case to hold that internal verbal complaints by an employee are a protected

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By Oregon Employment Department, Benton County had Oregon’s lowest seasonally adjusted unemployment rate in February at 2.9 percent. Grant County (7.2%) registered the highest rate for the month. Fourteen of Oregon’s counties had unemployment rates at or below the statewide rate of 4.0 percent and 22 counties were below

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U.S. Senator Ron Wyden Oregon, Press Release Senate Finance Committee Ranking Member Ron Wyden, D-Ore., along with senior member of the House Ways and Means Committee Representative Earl Blumenauer, D-Ore.,  introduced three pieces of legislation to preserve the integrity of state marijuana laws and provide a path for resp

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by Deidra Krys-Rusoff Senior Vice President Ferguson Wellman, A leading Oregon financial firm The Week in Review March 31, 2017 — Most markets, international stocks and the U.S. Dollar ended the week near where they started. Stocks are quietly ending a strong first quarter, with this week leaving the S&P 500 up a

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By Josh Lehner Oregon Office of Economic Analysis Blog Happy Friday! In the showdown you didn’t know you wanted but now glad you have, Oregon’s alcohol cluster has added more jobs than the state’s software industry since the start of the Great Recession. This edition of the Graph of the Week has been a regular […

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Barran Liebman Oregon Law Firm By Paula Barran The U.S. Department of Education and U.S. Department of Justice issued a guidance formally withdrawing two recent Department of Education guidances on transgender students’ rights. The guidances had been issued in 2015 and 2016 and addressed the position that laws prohibi

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Sixty-one people died on the job in Oregon during 2016, according to a preliminary report issued today by the Department of Consumer and Business Services (DCBS). That’s up from 2015’s figure of 41 deaths. The numbers are based on a new data collection program, begun in 2015, that is designed to provide a more comprehen

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Bullard Law, Portland law firm 9th Circuit Says Hugging May Create Sexually Hostile Workplace The Ninth Circuit held that hugging “can create a hostile or abusive workplace, when ‘[i]t is . . . unwelcome and pervasive.’”  Further, the appellate court held that the plaintiff, a county correctional officer, could pro

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By Ethisphere Institute Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2017 World’s Most Ethical Company®. Recognition honors those companies who lead with integrity and align prin

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National Retail Federation News Release, With Congress poised to take up legislation that could repeal landmark debit card swipe fee reforms that took effect half a decade ago, banks and the card industry have been busy spreading claims that retailers have failed to share the savings with consumers. But a simple look at the

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Bullard Law, Portland law firm Employers in Oregon could be required to pay employees for up to four hours of unworked time if an employee’s shift is cancelled or shortened.  Additionally, some large employers may be required to engage in an “interactive process” with regard to employees’ scheduling concerns.  The

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By Oregon Attorney General Office, Oregon Attorney General Ellen Rosenblum  announced the annual Oregon Department of Justice’s 2016 Top Ten Consumer Complaints. For the second year in a row, imposter scam calls, such as the IRS imposter scam, came in as the number one complaint in Oregon. Imposter scam calls received mo

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By Josh Lehner Oregon Office of Economic Analysis Blog As the opening date for the Cowlitz Tribe’s Ilani Resort and Casino in La Center, Washington approaches, here is our office’s summary of the potential impact on Oregon Lottery revenues. Our office continues to refine the estimated impact of the upcoming casino in La

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by Timothy D. Carkin Senior Vice President Ferguson Wellman, A leading Oregon financial firm March 17, 2017 — As traders were nursing their wounds from early bracket pains, the market saw that U.S. stocks were muted this week, up 0.2 percent. Investors’ reactions to finally getting the anticipated Fed rate hike were

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By NFIB, Small businesses deserve healthcare that’s affordable, flexible, and predictable. Congress has taken a first step. Health reform is in the spotlight this week with the introduction of the American Health Care Act in the U.S. House of Representatives. Congress is expected to vote on the bill next week, and it

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