Economic Check-Up looks at Portland-region’s performance



Economic Check-Up looks at Portland-region’s performance

On Jan. 31, the Alliance released the Value of Jobs 2017 Economic Check-Up. This year, the report measured Portland’s economy against new comparator regions: Nashville, Salt Lake City, Indianapolis, Austin and Seattle. Overall, Portland landed in the middle of the pack relative to the comparator regions on a number of economic metrics grouped into three broad categories: 1) prosperity and productivity, which measures output and productivity, income and traded-sector activity; 2) opportunity and affordability, which measures income inequality, commute times, poverty rates and housing costs; and 3) workforce and investment climate, which measures labor force characteristics, startups, and employment and population statistics.
 
Portland-metro excels by a number of economic measures, including growing household incomes, high productivity and an increasingly educated workforce. However, economic opportunity is not broadly shared, with some communities of color significantly lagging in household income. In addition, affordability is a significant challenge, particularly related to housing due to supply not keeping pace with population growth.