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Feb-21-2008 13:26TweetFollow @OregonNews State Had More Job Losses than Gains in Second Quarter of 2007Salem-News.com Business ReportThe Oregon data show a long-term trend of declining job churn due to growing and shrinking businesses. The same trend is seen in new businesses and those going out of business.
(SALEM, Ore.) - Oregon’s private sector lost 104,666 jobs in businesses that closed or contracted between March and June of 2007. It gained 101,225 jobs in businesses that opened or expanded. The net loss of 3,441 jobs was the first quarterly loss since the second quarter of 2003, at the tail end of the last recession. Both groups of businesses - job gainers and job losers - showed weakness. Opening or expanding firms added the smallest number of jobs as a share of total employment since records began in 1993. Closing and shrinking firms subtracted a noticeably larger share of total employment than they did in the prior quarter. These data come from the Business Employment Dynamics program at the Bureau of Labor Statistics of the U.S. Department of Labor. The quarterly data stretch from the early 1990s, providing a view of the boom period of the mid-1990s, the recession of the early 2000s, and Oregon’s recovery and growth period beginning in mid-2003. The Oregon data show a long-term trend of declining job churn due to growing and shrinking businesses. The same trend is seen in new businesses and those going out of business. This slowdown in churning is also evident in national data available at bls.gov/bdm/. In addition to all-industry data, the national figures provide an industry-by-industry view of jobs added and subtracted due to expansions, contractions, openings, and closings. Articles for February 20, 2008 | Articles for February 21, 2008 | Articles for February 22, 2008 | Support Salem-News.com: Quick Links
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Sawyer Johnson February 27, 2008 8:18 am (Pacific time)
The raise in taxes is coming, it always comes. Is there ever a good time?
Kevin February 26, 2008 7:37 am (Pacific time)
Henry Ruark I see where you are coming from. Why do you think the state legislature has not done anything about this? As you know many communities wave taxes and assorted fees to large corporations to get them to put their business at these locations. It seems that the small mom and pop outfits get hit with all kinds of fees that make it tough for them to project operating expenses. That's what happened to me, but I learned long ago to put funds aside, so when the school year ends I will probably move the family to a more business friendly area where my training and experience will help me get a job. Times may be getting tougher for a lot more people, so I hope the politicans either do something or lay out there plans. I believe if the small to medium sized businesses know what's coming down the road then they can plan for it when they look at their P and L. What say you?
Henry Ruark February 25, 2008 6:47 am (Pacific time)
Kevin et al: Sympathies for your job situation since "been there, done that", in real Depression days, with family. Fact is that "trickle down" idea of cutting taxes on rich to hope they will invest to aid general economy is proven bad-bust, since today they put all such found-funds into fast returns, mostly overseas, rather than in job-building American business and industry here. Bush I/Reagan started such action via "supply-side" plan built on "Less is really MORE" concept, that tax slash will result in more trickling down and thus build up actual total of taxes from payments on new businesses. That has resulted in heavy losses to governance ever since, further enriching corporations and the richest. Allathis solidly documented, ID to editor for PDFs from me.
Kevin February 24, 2008 1:12 pm (Pacific time)
I got layed off last week. Not really excited about sending out resumes and knocking on doors. But I gotta eat. Employers paying more taxes may not really help those of us looking for work.
Steve February 23, 2008 2:55 pm (Pacific time)
Soothsayer, Steve, Arizona Borders, Abdul, these are all names used by a single poster today. This is an attempt to spread BS information on our site and to insult people who work here. Unfortunately for this loser, we have the ability to see when we are getting scammed, so all those visiting today, I would take any prior comments from anyone displaying the above names with a grain of salt. It is almost all racist in nature, you are not welcome here Jefferson, Retired Contractor, Helen, Soothsayer, Steve, Arizona Borders, Abdul, or whatever fictitious personality you are trying to use today. Must be frustrating to be outsmarted so often. The Management
Henry Ruark February 23, 2008 2:07 pm (Pacific time)
To all: "See with own eyes" re our economy, now suffering from housing bubble sure to hit each other component of the economy: February 22, 2008; NYTimes Rescues for Homeowners in Debt Weighed By EDMUND L. ANDREWS and LOUIS UCHITELLE WASHINGTON — Prodded in part by some of the nation’s biggest banks, the Bush administration and Congress are considering costly new proposals for the government to rescue hundreds of thousands of homeowners whose mortgages are higher than the value of their houses. Not since the Depression has a larger share of Americans owed more on their homes than they are worth. With the collapse of the housing boom, nearly 8.8 million homeowners, or 10.3 percent of the total, are underwater. That is more than double the percentage just a year ago, according to a new estimate of the damage by Moody’s Economy.com. Administration officials say they still oppose any taxpayer bailout for either people who borrowed more than they could afford or banks that made foolish loans during the height of the speculative bubble in housing. ----------- Kicker, unemployment rate, other points here by Helen purposely distorted/perverted. Kicker based on past-period estimate, taxes paid for that period, kicker payout set by law with no reference to NOW and near-future. None of that has any bearing whatsoever on "$10 minimum" now paid by many, many Oregon corporations; see OCPP for latest huge losses. "Joke" reference was to $10mintax, NOT to Oregon economy. That demonstrates deliberate distortion. "...because revenue exceeded need" is another; revenue-set was by legislature, whose members will surely declare NOT ALL NEEDS MET,just "best we could do", with education, roads, troopers, much else far from what is really needed --as most residents in Oregon can tell you from own views. Each and every Helen-point thus designed to pervert and distort truth, and to damage, deny, defeat open, honest and democratic dialog here. SO Op Ed with ID to show full responsibility and accountability still surely now demanded - or else all we have is flat-out lying action showing contempt for readership here. Would you buy even a ticket to ballgame on street from such non-known person ?
Henry Ruark February 23, 2008 12:40 pm (Pacific time)
To all: Anyone else recognize this all too familiar "playbook" ? Without full ID from "Helen" we must assume it now cometh from same prejudiced source. SO, "Helen", invite you to do your own Op Ed, with ID to Editor; OR seek direct response from me via PDFs in depth, via same route. That preserves space,time and attention here for what should be happening, rather than same old beat-to-death intentionally-distorted and obviously-lying points demanding full detail to be again destroyed. SO "Helen", reach out there and you can stroke bellybutton on your friend whom we have met before. Enjoy !!
Helen February 22, 2008 12:17 pm (Pacific time)
The unemployment rate is STILL way down isn't it? I noticed that Oregon's rebate program issued quite a bounty in refund checks. So from that evidence, it appears that the $10 corporate tax of nearly 70 years did not diminish the tax revenues so this rebate could go forward. I'm sure a lot of different state legislatures would like to have Oregon's economy and would hardly consider it a "joke" as suggested. Maybe something else should be looked into, for example, is spending out of control in some government agencies? Maybe a review should be taken by outside professionals to help insure objective standards? To simply raise taxes on those who create jobs, when the evidence shows that a rebate was still triggered because revenue exceeded need, hardly seems to be the way to go, unless you simply are ignorant on how the economy works. Possibly increasing corporate tax rates will have a negative impact on the unemployment rate? Maybe not, but who creates the jobs, certainly not the ones who want to raise the taxes! They seem to be the people who live off the taxpayers or who pay little taxes but consume far more than anyone else. Not the people who should be the only ones making the decisions in this matter in my opinion.
Henry Ruark February 22, 2008 8:56 am (Pacific time)
To all: Further study of facts-here and similar may well equip us to make plans for a future Oregon built on sustainable effort across new and expanded business opportunities. One essential step is now demanded reform in tax system to make sure businesses making profits in Oregon pay fair share of tax burden. Time has come for absolute guarantee that current trend shifting more tax load to each citizen, away from business, must end. Legislature must face the realities of tax evasion and ongoing impacts of national joke: "$10 corporate minimum tax", UNTOUCHED for 70 YEARS.
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