Entries tagged with “economics”.
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Wed 17 Nov 2010
Posted by Becky Washington, MPA under temp
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Tue 10 Aug 2010
Posted by Becky Washington, MPA under Uncategorized
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Mon 26 Jul 2010
Posted by Becky Washington, MPA under Uncategorized
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The news from the economic front is not good.
Nationally:
“Whatever…US economic performance ultimately resembles, what is coming will feel like a recession. Mediocre job creation and a further rise in unemployment, larger cyclical budget deficits, a fresh fall in home prices, larger losses by banks on mortgages, consumer credit, and other loans, and the risk that Congress will adopt protectionist measures against China will see to that.”
Roubini Global Economics – Nouriel Roubini’s EconoMonitor.
And in Oreg0n:
“The recession that gripped Oregon and tore a $577 million hole in the state’s general fund budget has also created confusing contradictions.”
http://www.oregonlive.com/politics/index.ssf/2010/07/state_budget_oregon_cant_move.html
Tue 13 Jul 2010
Posted by Becky Washington, MPA under Uncategorized
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This just in…from Oregon Employment Forecast, Amy Vander Vliet, Regional Economist, State of Oregon.
“…with no foreseeable ‘magic bullet’ in the near future, OEA [Office of Economic Anaylsis]
expects a slow start to the recovery.
6 major industries are expected to contract this year
3 will expand & 1 will be flat
Construction will suffer the steepest decline by far (-15.0%) in anticipation of continued weakness in the housing market and tough times for commercial real estate brought on by tight credit, rising vacancy rates, and low demand.
Manufacturing will decline in step with the nation, although at a slower pace than OEA forecasted earlier in the year.
The outlook for high tech has brightened; chip sales are up and expected to go higher.
Financial activities will lose more jobs this year before starting to rebound in 2011.
The government sector will cut positions as state and local governments struggle to balance their budgets.
Education & health services weathered the recession better than every other sector. It will be the fastest growing sector this year (+1.9%) due almost entirely to the expanding health care component.
Professional & business services will show signs of life after suffering sharp losses in 2009.
Leisure & hospitality should benefit from the consumer slowly relaxing their grip on their wallet.
The information sector, which includes software, is expected to end this year flat compared to 2009” [emphasis mine.]
Thu 8 Jul 2010
Posted by Becky Washington, MPA under Uncategorized
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While Congress debates federal deficit spending, the situation for American Workers is troubling.
Unemployment for men is worse than for women and the outlook is not good.
For older workers, the risk that to the federal budget is that more of them will be funded permanently on disability rather than temporarily on unemployment insurance. Cutting Off Unemployment Benefits Could Worsen Deficit. It also means that we will permanently loose expertise that could be useful once the economy bounces back.
For young workers, the lack of opportunity to gain skills can have a lasting, even permanent effect on their future prospects. Something’s Not Working.
In “Outliers,” Malcom Gladwell gives evidence for his claim regarding the “10,000 hour rule.” The assertion is that mastery of a skill or task is achieved after 10,000 hours of practice.
If young workers don’t get started on their skill development, how will this impact their potential?
If late career workers cannot find work, does it make sense for them to start over on a new skill very late in their working life?
Job creation now is an investment in our future. Unemployment is costsly. Disinvestment now is “penny wise and pound foolish.”
Sun 20 Jun 2010
Posted by Becky Washington, MPA under Uncategorized
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When decision-makers want to know how to target workforce development funds, they turn to labor market economists. With limited dollars available, workforce researchers try to get the best information possible about how to spend training dollars to get the best bang for the buck.
Labor market economists working for the state have developed the “Oregon Employment Department’s Occupational Prioritization for Training model.” It is a best guess at which jobs will be in demand, that pay a living wage and have a reasonable number of expected openings.
So what are the recommendations?
The jobs prioritized for training dollars overall statewide are:
- Medical and Clinical Laboratory Technologists
- Pharmacists
- Physicians and Surgeons
- Welders, Cutters, Solderers, and Brazers
- Dental Hygienists
- Physical Therapists
- Surgical Technologists
- Registered Nurses
- Fire Fighters
- Bus and Truck Mechanics and Diesel Engine Specialists
- Medical and Health Services Managers
- Occupational Therapists
- General and Operations Managers
- Managers, All Other
- Supervisors and Managers of Office and Administrative Support Workers
- Wholesale and Manufacturing Sales Representatives, Technical and Scientific Products
- Licensed Practical and Licensed Vocational Nurses
- Substance Abuse and Behavioral Disorder Counselors
- Industrial Production Managers
- Wholesale and Manufacturing Sales Representatives, Except Technical and Scientific Products
- Radiologic, CAT, and MRI Technologists and Technicians
- Medical and Clinical Laboratory Technicians
Each region of the state has its own list based on local labor market data.
Find your region or read the whole report here.
Tue 1 Jun 2010
Posted by Becky Washington, MPA under Uncategorized
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In this column in the Washington Post, Christina Romer discusses the emergency funding bill before congress: Christina D. Romer – How to prevent huge teacher layoffs.
Mon 17 May 2010
Posted by Becky Washington, MPA under Uncategorized
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This 18 minute video explores women’s rights, activism and tradition.
“Investing in women can unlock infinite potential around the globe. But how can women walk the line between Western-style empowerment and traditional culture? Kavita Ramdas of the Global Fund for Women talks about three encounters with powerful women who fight to make the world better — while preserving the traditions that sustain them.
About Kavita Ramdas
Kavita Ramdas directs the Global Fund for Women, the largest foundation in the world supporting women’s human rights across all borders.”
Kavita Ramdas: Radical women, embracing tradition | Video on TED.com.
Mon 3 May 2010
Posted by Becky Washington, MPA under Uncategorized
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Oregon could see unemployment rates higher than 8 percent well into 2013
via OLMIS – When Will the Economic Recovery Begin? Watch These Indicators!.
Wed 21 Apr 2010
Posted by Becky Washington, MPA under temp
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“New Help for Community Colleges”
Mary Spilde, President of Lane Community College and Hillary Pennington of the Bill & Melinda Gates Foundation discussed student success on Tuesday’s PBS Newshour.
Tuesday, April 20, 2010 | PBS NewsHour | PBS Video.
