Linn-County-Economic-Indicators-July-2016-1

Mid-Valley Economic Indicators—Linn County (Albany MSA)

The monthly seasonally adjusted unemployment rates for the Mid-Valley counties hit record low levels earlier this year. Since then the rates have moved up slightly. All the Mid-Valley counties were essentially unchanged from last month, but they are all lower than they were last year at this time. Unemployment rates for various areas are as follows: U.S. – 4.2 percent, Oregon- 4.2 percent, Linn County- 5.0 percent, Marion County- 4.5 percent, Polk County- 4.6, and Yamhill County- 4.0 percent.

Manufacturing employment in the Mid-Valley has been trending slightly down since 2001, except for Yamhill County. Employment has fallen 7.9 percent (-2,308). At the same time, we have seen an increase in the number of businesses in the industry. The number of firms grew from 883 to 942 or by 59 firms between 2001 and 2016. We know some large manufactures have closed between 2001 and 2016 in the area and smaller businesses have opened.

The beverage and tobacco product manufacturing industry in Yamhill County has grown from 25 firms with 318 employees in 2001, to 110 firms with 1,200 employees in 2016. Total manufacturing employment in the county is up 12.3 percent (680 workers) from 2001 to 2016. Oregon has no tobacco production within its borders.

In 2016, the percentage of men employed in manufacturing was 71.5 percent. Since 2001, this percentage has varied from 70 to 72 percent. The percentage of women the manufacturing workforce averaged about 29 percent from 2009 to 2016.

The manufacturing workforce has grown older. In 2001, about 13 percent of workers (about 1 out of 8 workers) were between 55 to 64 years old. In 2016, almost 21 percent of the workers (about 1 out of 5 workers) were between 55 to 64 years old.

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For more information and/or to be added to the monthly e-mail distribution list, contact:

Will Summers, Workforce Analyst, Oregon Employment Dept.
Serving Linn, Marion, Polk, and Yamhill counties
[email protected]

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