Oregon State Profile

Oregon receives federal funds for housing counseling grants to help families facing foreclosure or seeking affordable housing; number of foreclosures rise in Q3 2009; economic outlook positive for next six months despite high unemployment rate.

• State job growth fell 5.9% in August 2009 from a year ago; national job growth fell 4.4%.
• State unemployment averaged 12.2% in August 2009; the national average was 9.7%
• Personal income fell 1.4% to $136 billion in Q2 2009 from a year ago.
• Tax revenue fell 27.3% in Q2 2009 from the previous year.
• Exports fell 30.2% to $8.2 billion in the first seven months of 2009 from a year ago.
• Venture capital investment in OR fell 92% to $3.7 million in Q2 2009 from a year ago.