Different regions of the state are recovering from the recession at different rates, according to the latest numbers out of the University of Oregon.
Tim Duy puts the U of O’s Region Economic Indecies together. He says the Portland area economy appears to be growing faster than the average rate seen during the last two recessions.
While the Eugene-Springfield area is growing at a pace closer to its average. He says Central Oregon and the Bend area are growing a little below their averages, while growth in Salem and Southern Oregon is lagging.
“So I think that the Portland area was much bigger with a more diverse economy, that was not as dependent upon in-migration and the housing bubble as what we saw in other parts of the state,” Duy says.
The latest county-by-county numbers show Harney County with the highest unemployment rate at 12.9 percent.
Among metro areas Bend leads at 10 percent, followed by Medford at 9.5 percent; Salem at 8.4 percent; Eugene/Springfield at 7.8 percent; Portland at 7.3 percent and Corvallis at 5.8 percent.