Portland Economic Trends for 2014 Christian Kaylor [email protected].

Portland Economic Trends for 2014

Christian [email protected]

Portland Metro Employment Growth

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013900,000

950,000

1,000,000

1,050,000

1,034,900

968,800

1,026,900

Job Growth : Dec 2013 / 2009

Washington Co Multnomah Co Clackamas Co Rest of Oregon

11%

9%

4%3%

Job Growth : Dec 2013 / 2009

37,600

26,600

4,800

5,590

4,400

4,130

3,800

Multnomah CoWashington CoClackamas CoBenton / LinnCentralRogue RiverLane CoMid ColumbiaSalem MetroNorthwestDouglas CoCentral CoastOtherSouth CoastEastern

Average Wage

$ 1,000’s

Job Growth

% of New Jobs

% of All Jobs

Job Growth

High Wage

High Tech Manufacturing $120

17,800 26% 18% 11%Wholesale Trade $78

Information $75

Professional and technical $72

Middle Wage

Financial activities $64

7,200 19% 37% 4%

Ambulatory health care $63

Construction $57

Manufacturing (non High Tech) $53

Government $52

Low Wage

Retail trade $28

24,300 35% 26% 10%Employment services $31

Nursing and residential care $25

Leisure and hospitality $20

Job Growth by Industry WagesAugust 2013 / 2010 Portland Metro Region

Population Growth 2007-2012

City of Port-land

Washington County

Clark County Clackamas County

52,855

25,158

20,217

7,606

Population Growth 2007-2012Age 18 - 64

City of Port-land

Washington County

Clark County Clackamas County

43,057

12,991

4,929

-6,557

Residential Building Permits

2010 2011 2012 2013

1,100

1,364

2,383

3,755 City of Portland

Clark County

Clackamas County

Washington County

Population with 4 Year Degree

Portland Beaverton Hillsboro Vancouver Gresham

45% 45%

32%

26%

19%

2012

2000

College Degree & Average Wage

18% 22% 26% 30% 34% 38% 42% 46% 50%$12

$14

$16

$18

$20

$22

$24

$26

Los Angeles

San Francisco

Seattle

Phoenix

San DiegoDenver

Sacramento

Salt Lake City

Portland

Las Vegas

San Jose

Albuqerque

Fresno

Tucson

Austin Houston

Dallas

San Antonio

El Paso

Workforce Age 55+Portland Metro

Retail

Construction

Total

Manufacturing

Health Care

Public Admin

Education

15%

17%

20%

20%

22%

25%

25%

Educational Attainment : 1947 to 2012

1940 1950 1960 1970 1980 1990 2000 2010 20200%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

19782/3

20151/3

19501/3

Young Adults in College

2005 2012

31%

41%35%

48%Portland MetroUSA

New Residents with College Degrees

Gresham

Salem

Beaverton

Hillsboro

Eugene

Portland

10%

26%

30%

32%

33%

54%

Median Income by EducationPortland Metro

High School Diploma

Bachelor Degree

Graduate Degree

$29,059

$46,430

$60,887

Vehicle Miles Traveled Per CapitaTri County Region

199

199

199

199

199

200

200

200

200

200

201

3,000

3,500

4,000

4,500

5,000

4,684

3,796

Single Family & Multi Family Permits

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

11,325

12,789

10,210

8,410

5,547

2,635

4,768 4,666

2,932

925

5,729

Single Family

Multi Family

Permits by City Per Capita

Tualatin

Milwaukie

Gresham

Lake Oswego

West Linn

McMinnville

Tigard

Oregon City

Vancouver

Beaverton

Portland

Hillsboro

Forest Grove

Wilsonville

0.2

0.3

0.8

2.0

2.0

2.3

3.0

5.3

5.6

6.2

6.2

7.8

8.8

9.7

Population : 2007 to 2012

Douglas

Deschutes

Jackson

Marion

Lane

Clackamas

Clark

Washington

Portland

107,164

162,277

206,412

319,985

354,542

383,857

438,287

547,672

603,650

3,045

8,249

7,117

8,536

10,951

7,606

20,217

25,158

52,855

3%

5%

4%

3%

3%

2%

5%

5%

10%

Population 18 - 64

Douglas

Deschutes

Jackson

Marion

Lane

Clackamas

Clark

Washington

Portland

58%

61%

60%

60%

65%

62%

62%

64%

70%

-641

711

868

1,730

3,284

-6,557

4,928

12,991

43,057

-1%

1%

1%

1%

1%

-3%

2%

4%

11%

Population Change : 18 to 64 : 2007-12

N Coast

Clackamas Co

NE Oregon

SE Oregon

Yamhill & Polk

N Central Oregon

Deschutes

Medford Metro

Marion Co

Douglas Co

Lane Co

SW Oregon

Linn & Benton

Washington Co

City of Portland

-10,722

-6,557

-3,381

-2,805

-1,907

547

711

868

1,730

2,574

3,284

3,334

4,721

12,991

43,057