The Portland metro region created 37,100 jobs in the last 12 months, for an impressive 3.2% growth rate. The unemployment rate remains at a historically record low level of 3.6%. The US Census just released economic data for 2017, painting a picture of Portland’s economic growth over the last few years.
The city of Portland has enjoyed remarkable economic growth so far this decade. Portland was the 10th wealthiest major city in the U.S. in 2017 with a median household income of $66,187. That’s an increase of 25% from 2010 when Portland was the 17th wealthiest major U.S. city. Only 3 other U.S. cities enjoyed faster income growth: San Francisco, Seattle and Miami.
Source: Christian Kaylor
Multnomah County Economist
Oregon Employment Department
Published: October 1, 2018
View Report: Multnomah Economic Indicators – September 2018