Transcript Our unemployment rate has been declining. Portland Metro Unemployment Rate 2000 - current (seasonally adjusted) 10.0 9.0 8.0 7.0 6.0 5.0 4.0 3.0 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07

Our unemployment rate has been declining.
Portland Metro Unemployment Rate
2000 - current (seasonally adjusted)
10.0
9.0
8.0
7.0
6.0
5.0
4.0
3.0
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
And employment has been increasing…
Portland Metro Nonfarm Employment
2000 - August 2007 (seaonally adjusted)
1,040,000
1,020,000
1,000,000
980,000
960,000
940,000
920,000
900,000
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
… but at a slower pace in 2007.
Portland Metro Nonfarm Employment 12-Month Growth Rate
2003 - current
5%
4%
3%
2%
1%
0%
-1%
+2,600
-2%
+2,400
+2,300
+1,100
monthly avg.
gain
-3%
2003
2004
2005
2006
2007
Portland MSA Job Growth by Industry: Today and Year-Ago
10%
Construction
Aug-07
8%
Aug-06
6%
Professional &
business svcs.
Leisure &
hospitality
Educational &
health svcs.
4%
Finance
2%
0%
Information
-2%
Government
Trade, transport,
util.
Manufacturing
What we can tell you about the labor
force/population
• Age, sex, race
• Educational attainment
• Wage/income
• Migration
• Characteristics of (some of) the unemployed
• Commuting patterns
Portland Job Vacancy Survey: April 2007
• 19,325 job vacancies in the Portland area (Multnomah,
Washington, and Clackamas counties) in April of this year.
• Almost one-third of job vacancies had been unfilled for two
months or longer.
• The health care and manufacturing industries had the
most job vacancies. Combined, these two industries
represented one-third of all Portland area vacancies.
• Seventy percent of all health care industry vacancies
require education beyond high school and 62 percent
require a license or certificate. These higher-than-typical
educational requirements add to the difficulty in filling this
industry’s vacancies.
• Of the vacancies with wage information, one-in-four paid a
wage of at least $20 an hour, while one-in-four paid less
than $10 an hour.
Portland Job Vacancies by Industry
April 2007 – Clackamas, Multnomah and Washington Counties
Health care & social assist.
Manufacturing
Educational services
Retail trade
Transport. & warehousing
Construction
Finance & insurance
Accommodation & food svcs.
Administrative & waste svcs.
Wholesale trade
Professional & technical
Management of companies
Information
Arts, entertain., & recreation
Real estate & rental & leasing
Utilities
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Retirements are looming…
Share of Workers Ages 55+ by Industry
25%
Education
17,000
Health/
Social Svcs.
20,000
20%
Management
of Companies
3,600
About 1 out of every 6
workers (151,000) are 55+
years old.
Professional
& Scientific
7,900
Manufacturing
17,800
Admin. &
Support Svcs.
9,400
15%
10%
5%
0%
Construction
6,900
Transport. &
Warehousing
6,700
Wholesale
Trade
10,000
Finance &
Insurance
6,400
Retail
13,300
Accom.
& Food
Svcs.
6,700
Consequently, we’ll see a large number of
replacement openings over the next 10 years.
Total Openings by Industry 2004-2014
New workers
will be needed
across almost
all industries,
even those that
are growing
slowly, or even
declining.
Professional & Business Svcs.
Educational & Health Services
Retail Trade
Leisure & Hospitality
Government
Manufacturing
Financial Activities
Wholesale Trade
Construction
Transportation & Utilities
Growth Openings
Replacement Openings
Other Services
Information
Natural Resources & Mining
0
10,000
20,000
30,000
40,000
50,000
60,000
Turning the focus to occupations, we see growth
across all broad groups.
Total Openings by Occupation
2004-2014
Replacement
openings make
up 60% of all
openings
Service
Office and Administrative Support
Professional and Related
Health care is
the only major
occupational
group where
growth openings
exceed
replacement
openings
Sales and Related
Management, Business, and Financial
Transportation and Material Moving
Production
Health Care
Construction and Extraction
Growth Openings
Replacement Openings
Installation, Maintenance, and Repair
Farming, Fishing, and Forestry
Nonclassifiable
0
10,000
20,000
30,000
40,000
50,000
60,000