Oregon

WBC Forecast Table

Oregon

Forecast Released February 1, 2012

2012 Forecast
	Annual Percent Change 2012 from 2011
	Current $ Personal Income	Mfg. Employ.	Wage & Salary Empl.	Population Growth	Single-family Housing Permits
Conerly Consulting	4.2	-0.3	2.4	0.6	7.7
Forefront Economics	4.5	1.9	3.0	1.0	11.0
John Mitchell	4.9	3.0	1.7	1.2	25.0
Oregon Executive Department	3.4	-0.2	1.1	0.8	2.7
Portland General Electric	4.8	2.5	2.3	1.4	10.0
Wells Fargo & Company - MN	4.3	1.8	1.8	1.2	12.0
Consensus - This Month	4.4	1.5	2.1	1.0	11.4
Consensus - Last Month	4.4	1.5	2.1	1.0	11.8

2013 Forecast
	Annual Percent Change 2013 from 2012
	Current $ Personal Income	Mfg. Employ.	Wage & Salary Empl.	Population Growth	Single-family Housing Permits
Conerly Consulting	4.5	3.1	3.3	0.8	20.2
Forefront Economics
John Mitchell
Oregon Executive Department	4.3	2.8	2.4	1.0	27.2
Portland General Electric
Wells Fargo & Company - MN	4.3	1.7	1.8	1.3	10.0
Consensus - This Month	4.4	2.5	2.5	1.0	19.1
Consensus - Last Month	4.4	2.4	2.6	1.1	15.1

Oregon Update and Outlook

Oregon’s seasonally adjusted unemployment rate dropped below 9.0 percent for the first
time since November 2008.

At 1,626,300 in December, Oregon’s seasonally adjusted nonfarm payroll employment has been relatively flat for most of the past 10 months. Since February it has stayed between 1,621,700 and 1,626,300, which is a range of only 4,600 jobs or 0.3 percent.

Construction employment showed modest improvement in December, gaining 600 jobs on a seasonally adjusted basis, and adding 3,100 jobs or 4.6 percent since December 2010.

Oregon Employment Department
http://www.qualityinfo.org/olmisj/OlmisZine