E conomic City of Portland

QUALITYINFO.ORG

INDICATORS

Job Growth by Metro

Households by Income

50 Largest Metros : Sept 2014 to Sept 2015

San Jose San Antonio Salt Lake City Orlando San Diego San Francisco Portland Seattle Charlotte Austin Dallas Atlanta Riverside Indianapolis Louisville Sacramento Raleigh Nashville Jacksonville Phoenix Cincinnati Las Vegas Detroit Tampa Miami LA Denver Baltimore Columbus Minneapolis Boston DC Pittsburgh Kansas City Hartford Providence Oklahoma City New York Buffalo Birmingham St Louis Houston Cleveland Milwaukee Memphis Philadelphia Chicago Virginia Beach Richmond New Orleans

Portland Metro : Growth from 2007 to 2014 34,975

4.8%

EMPLOYMENT TRENDS 30,835

3.7%

September Unemployment Rate

Portland Metro - Seasonally adjusted 8.0%

3.3% 3.3%

6.9%

6.4% 5.6%

8,296

The Portland region is tied with Seattle for 7th fastest job growth.

$0 - $35K

$35K - $75K

-13,033

$75K - $150K

$150K +

High earning households have seen the most growth since 2007, while middle income households are in decline.

2012

2013

2014

2015

Employment Growth

2.4%

Portland Metro Sept 2015

2.3% 2.2%

Average Earnings by City $65,634

2007 $59,296

2014

$57,816

Industry Growth

$50,664

Portland Metro - September Year-over year growth (percentage) $43,293

City of Portland

1,120,600

Growth +39,100 (+3.6%) Year-over-year

Hillsboro

Beaverton

Vancouver

Gresham

Leisure & Hospitality

+6,400 (+5.8%)

Professional & Business Services

+8,600 (+5.1%)

Information

+1,000 (+4.2%)

Healthcare & Social Assistance

+5,000 (+4.0%)

Transportation & Warehousing

+1,300 (+3.9%)

Manufacturing

+3,600 (+3.0%)

Construction

+1,400 (+2.5%)

Financial Activities

+200 (+0.3%)

Workers living in Portland and Hillsboro have enjoyed wage growth as other local cities have seen wages decline.

Job Growth Portland Metro 1991 to 2015 4.7% 4.8% 3.5%

4.1% 4.2%

2.4%

2.0% 2.3%

3.6%

3.2%

2.8% 2.8% 2.1% 2.1%

1.5%

0.8%

0.6%

1991

2.8% 2.8%

0.7% 0.0%

1994

1997

2000

2003 -0.8%

2006

2009

2012

2015

-1.9% -1.9%

The strong job growth Portland currently enjoys has rarely been seen in the past twenty years.

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-7.0%

Christian Kaylor [email protected]