By Steve Buckstein Cascade Policy Institute, Trying to sell voters on the largest tax increase in Oregon history, Measure 97 proponents claim that “Oregon ranks dead last in corporate taxes.” But the nation’s leading independent tax policy research organization, The Tax Foundation, says this claim is misleading.
Oregon Business Report
By Josh Lehner Oregon Office of Economic Analysis Blog Oregon businesses reported 61,000 job vacancies in summer 2016. That marks an increase of 19,700 job vacancies from the prior summer, and the largest number of job vacancies recorded in the state since the Oregon Job Vacancy Survey began in 2008. After easing down since
University of Oregon Economic Indexes By Tim Duy Oregon Economic Forum University of Oregon Oregon Statewide Economic Indicators: Incoming data continue to indicate that Oregon is in the midst of a more mature stage of the business cycle as the pace of growth levels off after the acceleration out of the recession. Highlig
by Jason Norris, CFA Executive Vice President of Research Ferguson Wellman, A leading Oregon financial firm A Nobel Prize for Bob Dylan couldn’t buoy the markets last week. Uncertainty in China and a rocky start to earnings season resulted in a down week for stocks. While equities rallied on Friday, the S&P 500 ende
By NFIB, Brace yourselves, owners: Hillary Clinton‘s plans to raise the estate tax could be a huge hit to small businesses and farmers. The Democratic presidential candidate has proposed an increase to a top rate of 65 percent, a number that small business owners and farmers fear could put them out of business, according
By Oregon Employment Department, Oregon’s minimum wage will increase each year through 2022, as outlined in Senate Bill 1532, which was passed on March 2, 2016. The Oregon Employment Department has studied this topic from many angles. For example, we know minimum wage jobs account for about 5 percent of jobs in Oregon.
Dr. Eric Fruits Oregon Economist For much of the past year, economists employed by the State of Oregon have described the state’s employment growth as running at “full throttle.” Even the most recent forecast from the state says the Oregon’s job growth is full throttle. The dictionary, however, says that to throttle
By Oregon Restaurant & Lodging Association, In a few short weeks it will be hard to miss the battle taking place on Oregon’s ballot between those advocating for more tax revenue for state government versus those against it. The $6 billion tax increase proposal is the largest in state history and would be paid on [R
By Cascade Policy Institute, Once again, Portland led the nation this July with its home prices rising 12.4 percent year-over-year versus the national average of just 5.0 percent. As of April, Portland remained the 12th most expensive rental market in the nation. These numbers are not unrelated. Housing prices are often rel
EEOC Refreshes Guidance on Retaliation By Allison Jacobsen Retaliation is the most frequent basis for discrimination claims made by employees, and charges alleging retaliation have nearly doubled since 1998. Retaliation claims arise when employees allege that they suffered an adverse employment action because they engaged i
By National Retail Federation The National Retail Federation asked Congress to reject legislation that would both undermine competition and repeal the Federal Reserve’s cap on debit card swipe fees. The proposed bill would unleash new, higher, hidden swipe fees that could more than double without competitive routing optio
By Fred Thompson, Oregon Economics Blog So far, my criticisms have been directed to the pro-97 camp – to claims like Gov. Brown’s that “there is a basic unfairness in our tax system that makes working families pay an increasing share for state and local services.” Not so. Oregon has long had one of the […]
By Josh Lehner Oregon Office of Economic Analysis Blog The big economic news last week wasn’t our office’s forecast, but the big jump in median household incomes nationwide. Two separate reports showed two different numbers: the Current Population Survey gains were 5.2% and the American Community Survey gains were 3.8%.
Sen. Wyden featured in Snowden film By Oregon Small Business Association U.S. Senator Ron Wyden has now been seen in two major motion pictures in the past two years over a single question. First it was the 2016 Oscar winning documentary on Eric Snowden entitled The Fourth Citizen. The film features a news clip showing [R
by Deidra Krys-Rusoff Senior Vice President Ferguson Wellman, A leading Oregon financial firm Despite volatility, the stock market appears to heading for a slight gain of around 0.5 percent for the week [12th-16th]. Bond yields trended higher, with the benchmark 10-year trading at 1.66 percent versus last Friday’s level o
By Josh Lehner Oregon Office of Economic Analysis Blog One of the defining features of the Great Recession is the housing bubble that preceded it and set the stage for the collapse. The regions of the county that experienced the biggest bubble, also experienced the largest fallout when it burst. One item our office has [
By Oregon Prosperity Project Pendleton, home of the Pendleton Roundup, held a very different type of rodeo August 18-19. The first Pendleton Ag Drone Rodeo shared at least one trait with traditional events such as the Pendleton Roundup that started more than a century ago: It showcased activities that can be useful to farme
By Oregon Restaurant & Lodging Association, Changes in our country relating to overtime work are finally upon us. As of December 1, 2016 employers will be required to pay employees classified as exempt from overtime a salary of at least $47,476 a year or $913 a week. If an employee currently defined as exempt does [R
Congressmen Peter DeFazio Release, Congressmen Peter DeFazio, Randy Forbes, Dan Lipinski and more than fifty lawmakers urged Treasury Secretary Jacob Lew and the Committee on Foreign Investment in the United States (CFIUS) to investigate the pending joint venture with the North Carolina-based rail manufacturing company, Ver
US Chamber of Commerce Foundation, It wasn’t long ago when a person in the United States could make a middle class living as long as he or she had an alarm clock and a good work ethic. These jobs often required routine work where a person didn’t need to have broad skill sets to earn […]
Oregon Business News Update, Edward Snowden was interviewed by John Oliver and included a new phone case that hides your location.
By Dr. Eric Fruits, Oregon Economist On Demand Newsletter Pokémon Go is a free-to-play location-based mobile game available on iPhones and Android devices. The game allows players to capture, battle, and train virtual creatures, called Pokémon, who appear on device screens as though in the real world. It makes use of GPS
By Josh Lehner Oregon Office of Economic Analysis Blog This Oregon Employment Department released the initial estimates for June 2016 in terms of jobs and the unemployment rate. Overall the data continue to bring good news, even as the unemployment rate ticked up a bit. The reason being is the state continues to add jobs [&
By Oregon Employment Department Oregon businesses reported 47,600 vacancies in spring 2016. That’s an increase of 6,400 from winter, but 5,700 fewer job vacancies than the all-time high of 53,300 in spring 2015. Oregon’s construction industry, which has shown impressive job growth recently, reported 4,700 job va
Congressman Kurt Schrader Congressman Kurt Schrader (OR-5), Congressman Jim Cooper (TN-5), Congressman Henry Cuellar (TX-28) and Congressman Collin Peterson (MN-7) introduced legislation that will initiate a reasonable three-year phase-in of the Department of Labor’s new overtime rule. The new rule, proposed in May, raise
By Cascade Policy Institute, Now that the massive Gross Receipts Tax measure IP 28 will be on Oregon’s November ballot, we likely will see many estimates of its impact on the state economy. An economic research center at Portland State University just came out with its report on the measure, funded by the measure’s spon
Oregon Department of Revenue, As of May 30, the Department of Revenue has processed $14.9 million in marijuana tax payments this year. Medical marijuana dispensaries started collecting a 25-percent tax on their recreational marijuana sales in January. The department would like to remind dispensaries that their first-quarter
Barran Liebman Oregon Law Firm By Josephine Ko The Office of Federal Contract Compliance Programs (“OFCCP”) has published its Final Rule modernizing the guidelines that prohibit sex discrimination in employment for covered federal contractors. This follows on the heels of Executive Order 11246, which broadly proscribes
U.S. Senator Ron Wyden Press Release, Speaking at the Open Technology Institute , Sen. Ron Wyden, D-Ore., warned that proposed changes to expand government hacking and surveillance powers pose a dangerous threat to the security of power plants and other critical infrastructure connected to the internet, as well as Americans
By Oregon Employment Department, How would a wage of $78,500 strike you? Probably as a really good wage, but not an absolutely spectacular one. Now, how would you like to make that much every three months for a total annual wage of $314,000? Welcome to the world of the top 1 percent. There were roughly […]