Southwestern Oregon Economic Indicators (October 2020 Data)

Here are the monthly indicators released now showcasing the October data.

We still find ourselves experiencing high unemployment rates in the area compared to previous years. Education, Accommodation and food services, and Leisure and hospitality continue to see the negative impacts of the COVID-19 Pandemic. The graph of the month features an article written by our Regional Economist, Guy Tauer. Guy takes a look at the impacts on Southwestern Oregon following the release of the projections by the research team for the 2019 to 2029 time frame. Private health care and social assistance is projected to add 1,410 jobs in the three county area. Health care is expected to be the fastest growing industry up 14 percent by the end of 2029. Construction and Financial activities are still trending downward from their peak employments found in 2006.