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| Oregon projected to add 240,000 jobs in the next decade | ||
| 06/14/2005 | ||
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Services Industries Support Job Growth Contact: Eric Moore, Senior Analyst (503) 947-1267 (503) 947-1391 (TDD) Eric.M.Moore@state.or.us Three sectors are expected to account for nearly 60 percent of the state’s new jobs: The professional and business services sector is projected to add close to 50,000 jobs during the forecast period, growing by 28 percent. Job growth is expected to be especially strong in employment services and business support services. The latter includes many call centers. Within professional services, strong growth is anticipated in architectural and engineering services and computer system design services. The educational and health services sector is forecast to add close to 50,000 jobs or 25 percent with the majority of the growth in health services industries. Growth in health care industries continues recent job growth trends and is largely linked to the state’s growing and aging population. The trade, transportation, and utilities sector is projected to add a large number of jobs (+46,000, 14%) but the sector’s growth rate is expected to be about the same as the overall job growth rate. Retail trade, which makes up the bulk of this sector, is likely to grow largely in line with population. Although manufacturing is expected to add 6,000 jobs over the forecast period, employment is forecast to remain well below peak manufacturing employment levels. For many manufacturing industries, employment is projected to grow after reaching a cyclical low point during the recent recession (e.g., computer and electronic equipment, transportation equipment, fabricated metals, and machinery). Job losses are expected to continue in many resource-based industries such as food, wood, and paper products. Regional forecasts suggest the most rapid job growth rates will be in the central and southern regions of the state. It is anticipated that the regions seeing the slowest growth are in Eastern Oregon and along the south coast. The state’s primary population centers in the Portland metro area and Willamette Valley are expected to add the majority of jobs over the forecast period, but have job growth rates between these extremes. A handout with further details is available on request. -end-
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