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The Short- and Long-Term Economic Outlook Short-Term Update Jobs: - - PowerPoint PPT Presentation
The Short- and Long-Term Economic Outlook Short-Term Update Jobs: - - PowerPoint PPT Presentation
The Short- and Long-Term Economic Outlook Short-Term Update Jobs: PDX v US 3 3 Job Growth by Sector 2013Q2 v 2014Q2 12% 10% 8% 6% 4% 2% 0% -2% 4 4 Source: Brookings Metropolitan Monitor Unemployment 5 5 Median Household Income,
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Jobs: PDX v US
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Job Growth by Sector
2013Q2 v 2014Q2
- 2%
0% 2% 4% 6% 8% 10% 12%
Source: Brookings Metropolitan Monitor
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Unemployment
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Median Household Income, 2013
Source: US Census
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Poverty, 2013
Source: US Census 7
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Long-term: software is eating the world
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The Great Decoupling
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Changes in Employment by Skill Percentile, 1980-2005
Source: Autor and Dorn, American Economic Review, August 2013
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Job market has collapsed for less educated workers
No HS degree HS degree AA or some college Bachelor’s Master's + $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 1940 1980 2010
Source: ECONorthwest analysis of US Census data. Average Portland area wages (2010 dollars) by educational attainment, labor force participants aged 25-64
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Next up in the software revolution
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A Chart You Should Keep
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Source: An Economy Doing Half its Job
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Contact
Portland The KOIN Tower 222 SW Columbia Street Suite 1600 Portland, OR 97201 503-222-6060 Boise Eagles Center 223 North 6th Street Suite 430 Boise, ID 83702 208-918-0617 Eugene 72 W. Broadway, Suite 206 Eugene, OR 97401 541-687-0051 Seattle 500 Yale Ave. N. 1st Floor Seattle, WA 98109 206-262-8013
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