Oregon's economy has continued to slow in recent months tied to soft US construction activity, weakness in manufacturing and the local impact of domestic and global credit anxiety. The Oregon economy added 14,000 net new jobs during the past 12 month period, a 0.8% growth pace. Manufacturing weakness continues, with a net loss of 6,900 jobs, primarily in wood products. The construction sector added 1,100 net new jobs, while natural resources and mining lost 800 jobs. The Oregon service providing sector has fared better, with the net addition of 20,600 (up to 1.5%).
The Office of Federal Housing Enterprise Oversight ranked the average Oregon existing home seventh in the nation in the 12-month period ending in June 30th 2007. The average US home value rose 50.76% during the five year period ending on June 30th 2007. In the past year the Portland-Vancouver-Beaverton home value rose about 8.06% during the past year with a 68.83% gain over 5 years. On the other hand the Eugene-Springfield home value rose 9.15% and a 70.72% five year rise.
The "cost of living" estimate of http://www.economy.com/ for Portland was 101% of the U.S. average, with Eugene at 93%
The thoughts above were gleaned from "Oregon Economic Outlook" of Liberty Views
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