Regional economies in Oregon continue to trend toward normal growth rates as the state recovers from the recession.
The Regional Economic Indexes track average growth rates over time for five regions in the state.
Tim Duy is director of the Oregon Economic Forum at the University of Oregon. He says that over the past year, most regions in the state have returned to average growth rates.
That’s most regions except the Rogue Valley, where many of the indicators are still below average.
“It has been a little bit slower. It’s had unemployment that has been persistently a little bit higher than we would like. Like Salem, the new building permits have not accelerated as much as in other areas of the state,” Duy said.
Duy says the growth in the Portland region accelerated quickest – followed closely by Eugene-Springfield.