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Portland : Office Snapshot - Q1 2014

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Portland : Office Snapshot - Q1 2014

Oregon’s economy continues to emerge from the recession. According to the State of Oregon Employment Department, the unemployment rate now stands at 7.3% as of the end of the third quarter 2013, an 80 basis point (bp) improvement from a year ago when the unemployment rate was 8.1%. Portland added 21,800 jobs in the previous year representing a 2.2% growth rate, which compares favorably to the national average of 1.6%. Positive employment gains in construction, manufacturing and trade continue to drive Oregon’s economy.

Source : Cushman & Wakefield

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