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Oregon’s Unemployment Rate was 4.8% in January

Written by Wyatt Jones on Apr. 26th, 2023

In January, Oregon's joblessness rate was 4.8%, maintaining the revised rates from October, November, and December 2022. The state last saw a higher unemployment rate in July 2021, at 5.1%. Concurrently, the national unemployment rate fell to 3.4% in January, hitting its lowest level in over 50 years. Recent yearly data revisions indicated that Oregon's u

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Oregon Workers Are Owed $1.8 billion in Unpaid Overtime, According to Study.

Written by Emma Jackson on Apr. 24th, 2023

The reason you may feel like you're earning less for longer hours compared to your parents is because it's likely the case. Average hourly wages, adjusted for inflation, have declined since the 1970s, while the average number of hours worked has increased. As a result, American workers are facing underpayment, overwork, and stress. One of the reasons for…

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One Overlooked Metric That Could Transform Your Company’s Value.

Written by Mike White, MBA on Apr. 20th, 2023

You know gross margin impacts your profit, but have you considered the impact it has on the value of your company? 

When assessing your company’s value, acquirers and investors will often scrutinize your gross profit margin. Gross profit margin is the difference between a company’s revenue and its cost of goods sold. In other words, it’s the pr…

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Small Business Holiday Report

Written on Dec. 16th, 2022
According to reports released earlier this month by American Express, 53% of small businesses are adjusting budgets in preparation for additional costs Small Business Holiday Report, which highlights the major trends among U.S. small businesses heading into the holidays. Polling 550 small business leaders, the report shows that the businesses surveyed are ge…
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NFIB STUDY: SMALL BUSINESSES STRUGGLE WITH INFLATION, LABOR SHORTAGES

Written by NFIB Press Release on Dec. 16th, 2022
NFIB’s Small Business Optimism Index declined 0.8 points in October to 91.3, which is the 10th consecutive month below the 49-year average of 98. Thirty-three percent of owners reported that inflation was their single most important problem in operating their business, three points higher than September’s reading and four points lower than July’s highe…
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REVENUE FORECAST RAISES KICKER QUESTIONS

Written by Taxpayers Association of Oregon on Dec. 16th, 2022
The signal was loud and clear this morning that lawmakers are coming after your kicker. In Salem, the state’s economists gave their quarterly revenue forecast to an interim committee of lawmakers. Surprisingly, even with high prices and increased interest rates, economists are still projecting short-term growth in tax monies coming into the state. In fact,…
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Oregon Taxes for Upcoming Ballots

Written by Mike LaFirenza on Sep. 30th, 2022
With the elections upcoming and inflation at record highs, Americans turn their attention to ways to save money. This includes their tax plan as well.  In addition to $3.3 trillion in federal taxes, in 2018 Americans paid $950.5 billion in state taxes distributed across sales, income, property, license, and other taxes. Across all states, sales and gro…
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LAWMAKERS PUSH $22B INCOME TAX FOR FREE HEALTH PLAN

Written by Taxpayers Association of Oregon on Sep. 29th, 2022

As the Lund Report notes, “The task force released a draft report on Monday and is accepting comment until the end of the day on Sept. 19. The report is due to be submitted to the Legislature later this month. Under the plan, lawmakers would create a single generous statewide comprehensive health insurance plan that eliminates premiums, co-pays, office vis…

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The September Economic and Revenue Forecast

Written by Oregon Business & Industry on Sep. 5th, 2022
The September Economic and Revenue Forecast came out Aug. 31. Here are the highlights: Bottom line: Gross general fund revenue for the 2021-23 biennium, which began on July 1, 2021, is now expected to be $27.9 billion. This exceeds the $23.3 billion forecast in June 2021 as the legislative session ended and just before the biennium began. The forecast now p…
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Taxpayers Association of Oregon: The Bull Pen

Written by Taxpayers Association of Oregon on Sep. 5th, 2022
By October 1st, 2022, a new Oregon law will go into effect that bans hiring bonuses in the name of equality (HB 2818).   The current practice of Tri-Met transit offering $7,500 and McMennamins restaurants offering $1,000 hiring bonuses will soon be illegal. If minorities are suffering from lack of employment and businesses suffering from historic labor…
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