This must really piss off the Cascade Policy Institute!
Study: Oregon No. 2 fastest-growing economy
Portland Business Journal by Suzanne Stevens, Web editor
Date: Tuesday, June 12, 2012, 1:40pm PDT
http://www.bizjournals.com/portland/...&ed=2012-06-12
Quote:
Oregon was among the hardest-hit states during the recession, with an unemployment rate that peaked at 11.6 percent in mid-2009. The state is now, however, one of the fastest to bounce back.
An analysis by MSNBC's 24/7 Wall St. blog found that Oregon's economy was the second-fastest growing among the states in 2011, behind North Dakota.
Spurring Oregon to the top tier was 2011 GDP growth of 4.7 percent, three times that of the U.S. economy. Growth in the durable goods manufacturing industry — which includes high-tech companies such as Intel Corp. — led the way, with an increase of 3.94 percent, second in the nation.
Other more recent economic variables indicate Oregon's upward momentum is continuing in 2012. Among them, May unemployment was 8.4 percent, marking the third consecutive month that seasonally adjusted payroll employment grew; and the University of Oregon Index of Economic Indicators increased in April, continuing a trend of growth that began last summer.
Rounding out the top five fast-growing states were West Virginia, Texas and Alaska.
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