Guy Tauer, will give an overview of the Southern Oregon Economy looking at job growth by industry –housing cost and availability trends in the Rogue Valley, household income distribution and trends for the local area and state. A look at labor market demand, supply of workforce and population trends for the region.
Guy Tauer, Regional Economist gave our weekly Rotary presentation on 1/23 – An Overview of the Southern Oregon Economy. Guy explained recent past and current trends of the Southern Oregon are still very positive with only a 4.3% unemployment rate which is actually stronger than pre-recession. 1:6 jobs are still in retail which are historically low paying salaries, but local manufacturing is actually stronger with higher wages we don’t have as many higher paying construction jobs as we did pre-recession. Health Care is our strong economic engine in So Oregon and is recession-proof. Jackson County is experiencing a 6% growth rate since 2010. Wages vs. housing costs is still difficult in Jackson County as real estate inflation is still running 30% higher than salary growth. Members are invited to looking at QualityInfo.org to subscribe to updates and/or see the slideshow of today’s presentation at your leisure.
Respectfully submitted,
Ray Kistler
