Employment, economic development, workforce trends and the local impact of economic policy.
87 stories · Updated automatically as reporting is publishedA new Oregon law, effective October 1, 2022, prohibits hiring bonuses to promote equality, impacting businesses like Tri-Met and McMennamins. As other states increase their bonuses, Oregon f...
Salem Business JournalIn November, Salem voters will decide on a $300 million community improvement bond, funding various projects including infrastructure, affordable housing, and public safety. The bond will no...
Salem Business JournalIn early August, the average national mortgage interest rate for a 30-year loan fell to 5.05% from 5.90%. However, following a sell-off in mortgage bonds, rates have since risen to 5.95%. De...
Salem Business JournalCommercial real estate is undergoing significant transformations due to changing consumer habits and needs. Vacant car dealerships, banks, and hotels are prime candidates for conversion to m...
Salem Business JournalA new Smartest Dollar report highlights that while small businesses constitute 99.9% of U.S. firms and generate nearly half of the GDP, their economic role has declined since the 1980s. Chal...
Salem Business JournalThe Fly Salem Steering Committee has worked for five years to restore air service in Salem, Oregon. They've made significant progress with a new airline committed to start flights by October...
Salem Business JournalThe pandemic's impact on employment was significant, with job losses reminiscent of the Great Depression. However, over 60% of lost jobs returned within a year. Employment growth varied sign...
Salem Business JournalIn 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%.....
Salem Business JournalAmerican workers face declining real wages and rising workloads due to reduced overtime pay since the 1970s. A study reveals substantial unpaid overtime, especially in Oregon and Maryland. Y...
Salem Business JournalSALEM, Oregon – The 2022 Oregon Main Street Annual Report shares programmatic highlights as well as annual and cumulative revitalization statistics from communities participating in the Ma...
Salem Business JournalOregon is facing rising concerns over its high cost of living, recently ranked 8th in the U.S. and 6th excluding Alaska and Hawaii. This situation arises from significant policy decisions, i...
Salem Business JournalMany workers have experienced stagnating wages amid rising inflation, creating disparities in economic wellbeing. While some areas, like Salem, saw income growth, others struggled with slowe...
Salem Business JournalAvelo Airlines will resume commercial flights at Salem Municipal Airport, offering nonstop routes to Las Vegas and Burbank beginning October 5. After years of effort, local stakeholders aim...
Salem Business JournalSalem, Ore. -The Oregon Business & Industry has gathered over 5,000 unverified signatures for the "Let Salem Vote!" petition as of July 30, seeking to put the newly adopted Safe...
Salem Business JournalAs an Oregon State Senator representing SD 10, I supported bipartisan bills in 2023 aimed at boosting Oregon's economy. These include expanding childcare access, addressing housing shortages...
Salem Business JournalExploring the positive and negative effects of urban renewal areas and the North Gateway Urban Renewal Area Strategic Project Grant Program Urban renewal areas (URAs) have become an essentia...
Salem Business JournalIn August, Oregon maintained a steady unemployment rate of 3.4%, while national figures rose to 3.8%. Although nonfarm payrolls decreased by 1,200 jobs, the leisure and hospitality sectors g...
Salem Business JournalOregon is undergoing significant economic growth driven by technological advancements and federal investments exceeding $6.4 billion, particularly in semiconductor and clean energy sectors....
Salem Business JournalWhile we all want to live in a safer Salem, the City Council's plan of a city-wide payroll tax is not the way to get there. The theory is that...
Salem Business JournalIn a pivotal moment for Salem, Avelo Airlines inaugurated its first commercial flight from Salem this month, marking the city's re-emergence into the aviation sector since the early 2000s. N...
Salem Business Journal
