Legal Marijuana Will Help Oregon Economy

SALEM, Ore. — Experts say Oregon will gain about 20 million dollars per year in tax revenue from legal marijuana sales. The Oregon Liquor Control Commission chair says this is an estimation and not nailed down just yet. This budgeting is based on existing and forecasted sales and demand in the state. It also accounts … Continue reading »

Oregon Unemployment Numbers Falling

SALEM, Ore. — The latest state’s unemployment rate has fallen to a five-year low. Oregon’s seasonally adjusted unemployment rate dropped to 7.7% last month. That’s down from 7.8% in September and from 8.1% in August. Oregon’s Employment Department says, as a whole, the numbers show that the economy is improving at a gradually accelerating pace. … Continue reading »

Oregon Workers See Gender Wage Gap

WASHINGTON, D.C. — Oregon men are still making more than their female couterparts, according to the new Census. The Census found in Oregon the median pay for a woman working full time year-round is $36,000. The median pay for a man is nearly $46,000; this means women are paid 78 cents for every dollar men … Continue reading »

$80 Million Extra For Oregon Budget

SALEM, Ore. — The State of Oregon found an extra $80 million in their budget. The state economists said they underestimated how much money would come in from taxes. The money, which will be filtered into the general fund and lottery will likely mean there are no immediate budget cuts. Economists also pointed out that … Continue reading »

Kitzhaber Plans Trip to Asia

Governor John Kitzhaber is headed to Asia. The trip in October is to promote Oregon’s products and services to the increasingly global market. The 10-day trip will include stops in Shanghai, Hong Kong, and Tokyo. Oregon’s exports to Asia support the state’s economy. International trading grew 19% in 2011, equaling nearly $18 billion in foreign … Continue reading »