Unremarked improvement

oregon
RANDY STAPILUS / Oregon

You really do get the sense sometimes that people pay attention only to bad news.
Oregon, like many other states (its neighbors among them), has been seeing not spectacular but steady improvement in its economic picture this year. More numbers to that effect came in this past week, with (for one major example) unemployment numbers running closer to the norms of reasonably prosperous times.
You have to qualify a lot of this. There’s been some diminishing of what’s considered the full work force, so practical unemployment is still higher than Oregonians would like to see.
But it is getting better.
Take a look too at the story (in the local government section) on Metro construction receipts, which starts, “It’s been a banner year for construction in the Portland region – so much so that the region’s construction tax has generated about 20 percent more than its original forecast for the current grant cycle.”
That’s not a small deal, and the overall pace of construction around the state seems to bear that out.
In a good many places, you do get the sense of people taking a breath of relief.
Now, of course, would be the right time to look at areas of restructuring the state could do with. The long-discussed talk about rejiggering the state’s tax structure would be a good thing to get underway at this point, maybe peaking about the same time the state’s economy does. Economic reorganization talk tends to yield a little more productivity during times when money is flowing more freely.
There’s work to do now, too.

Share on Facebook