209,000 Jobs Added in July

(CNN) — After a gangbusters jobs growth in June, hiring slowed to a less impressive pace in July. The United States economy added 209,000 jobs in July. That’s down from 298,000 in June. The unemployment rate rose for the first time since February to 6.2 percent, up from 6.1 percent in June.

Reedsport Faces Economic Challenges

REEDSPORT, Ore. — The years have taken a toll on one coastal community in Oregon, but many in Reedsport are hopeful they can bounce back after a population decline over the last couple of decades. It all started back in 1999 when the International Paper Mill in Gardiner closed, taking with it nearly 1,000 jobs. … Continue reading »

US Economy Makes 1st Downturn Since 2011

(CNN) — The U.S. economy didn’t fare as well as once thought at the beginning of the year. According to the Bureau of Economic Analysis, the gross domestic product, which is the broadest measure of economic growth, fell at a 1% annual pace in the first quarter. That’s the first downturn since 2011. Previous numbers … Continue reading »

Fletcher’s For Children to Close

EUGENE, Ore. — After serving the Eugene community for more than 35 years, Fletcher’s for Children is closing it’s doors. The owners say their lease is ending and since the recession, it’s been difficult to keep their small business profitable. At Fletcher’s you can find just about anything a baby or child might need, and … Continue reading »

Optimistic Job Seekers Attend LCC Fair

EUGENE, Ore. — The new jobs report is out, and it looks like the economy is steadily getting stronger. Lane Community College held its annual Job Fair Thursday. Coordinator’s say the event is put on to help students and community members meet local employers in the area, with the goal of starting a career right … Continue reading »

Buy Local First Day in Corvallis

CORVALLIS, Ore. – Despite the downtown Black Friday shopping buzz, small Corvallis shops are preparing for Buy Local First Day. Or Small Business Saturday. The Corvallis Sustainability Coalition and the Corvallis Independent Business Alliance teamed up for the annual event. Independently-owned businesses will offer discounts as an incentive for people to shop locally. “I think … Continue reading »

Corvallis Ranks 10th in Tech Startups

CORVALLIS, Ore. — Corvallis has recently been ranked tenth in the nation for high-technology startups, and the City’s Economic Development Office says it isn’t surprised. Economic advisor Ian Hathaway compiled the study, called “Tech Starts: High-Technology Business Formation and Job Creation in the United States” for Engine and the Kauffman Foundation. Hathaway published a list … Continue reading »

Oregon Country Fair’s Economic Impact

VENETA, Ore. — Every year, huge crowds descend upon this small town to enjoy the Oregon Country Fair. How does this influx of visitors affect the local economy? “There’s not a lot of impact to the city directly,” says Shauna Hartz, finance director for the City of Veneta. Hartz says that most of the $20,000 … Continue reading »

Oregon Child Care Prices Increase

CORVALLIS, Ore. – It’s getting harder and harder for parents in Oregon to afford the cost of child care. A new study by researchers at Oregon State University found that child care prices increased 13 percent from 2004 to 2012, while household incomes declined nine-percent. Oregon has been ranked the third-most expensive state in the country … Continue reading »

Merkley Presents Economic Proposal

SPRINGFIELD, Ore. — Even as the economy continues to recover, lawmakers say there’s room for improvement. U.S. Senator Jeff Merkley has a new proposal to help rebuild the economy. The senator spoke in front of a packed house at the Springfield City Club Thursday. His focus was that education and a hands-on approach will help … Continue reading »

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