News that Daimler will not be closing its truck manufacturing plant in Portland caught our attention this week. This follows news that a South Korean company may buy the old Hynix plant in Lane County and put a thousand people to work there. Not to mention, things seem to be looking up in the housing market, with another month of rising home prices.
Of course, Oregon’s unemployment rate is still in the double digits. So can these positive developments be considered the “green shoots“—as Federal Reserve Chairman Ben Bernanke called them—needed for a bona fide economic recovery to take root?
Have you recently gotten a job or had your hours increased at work? Have you sold your house or started a new business? What does it take for a business to create or maintain jobs in this economic climate? Are you seeing any “green shoots” in your economic backyard?
Frank Rouse: Steward and President of the Machinists and Aerospace Union at Daimler Trucks North America
Art Ayre: State Labor Economist
Brandon Kilgore: Lane Community College student and laid off Hynix worker
Dave Hauser: President of the Eugene Area Chamber of Commerce
Chris Baker: Co-founder of CrossCurrent, a small software start-up in Portland
More Think Out Loud
OPB | Sept. 22, 2016