Oregon incomes are increasing
According to a report out this week from 24/7 Wall St., Oregon is one of the “13 states where incomes are booming ... Personal income per capita climbed 17.3% in Oregon between 2008 and 2018, the fifth- largest increase of any state,” the report reads.
“Partially as a result, the state reported a near-leading reduction of poverty.”
According to the study, Oregon’s poverty rate in 2012 was 17.2% while the national rate was 15.9%. In 2017, the state’s poverty rate was 13.2%, compared to a national rate of 13.4%
Of course, this doesn’t mean we are the state with the highest income, just a state where that income is growing. Here, according to 24/7 Wall St., the “personal income per capita” is $46,112, which lands us right in the middle at 25th highest.
Coos Bay lumber mill to close
Georgia-Pacific Wood Products has notified employees at its Coos Bay lumber mill that it will shutter the facility and lay off all of the site’s 111 workers, saying job cuts will begin June 10 and continue in phases until the Coos Bay facility is closed.