- 23,098 more businesses
- 267,727 more employees
- 51.6% increase in total wages
- $10,483 in additional annual wages per employee
- 26.2% increase in wages per employee
Since 2009, the number of businesses in Oregon has grown by 19.0% (9.5% greater than the national average of 9.5%). Employment in Oregon has grown by 20.1% (5.7% greater than the national average of 14.4%). Wages have grown by 26.2% since the end of the Great Recession. This wage growth is 3.7% greater than the national average of 22.5%.
The average weekly wage in Oregon of $971 is 8.7% below the national average of $1,064. The gap between the national average has widened from 11.4% a widening of 2.7% since the end of the recession.
The Other services sector has the most businesses in the state of Oregon . Since the end of the recession, the number of businesses has grown from 14,344 to 22,753, a gain of 58.6%. The table below illustrates the change in number of businesses in each sector:
|Accommodation and food services||11,579||9,900||17.0%|
|Finance and insurance||6,408||6,185||3.6%|
|Real estate and rental||6,278||5,565||12.8%|
|Agriculture and forestry||4,319||3,456||25.0%|
|Transport and warehousing||3,343||2,959||13.0%|
|Arts and entertainment||2,009||1,691||18.8%|
|Mining and oil extraction||133||143||-7.0%|
Oregon has experienced significant growth in business creation since the recession with only one sector losing businesses. The sector with the fewest businesses, Mining and oil extraction had a reduction in businesses of 7%. The other 18 sectors had varying degrees of growth with Professional services adding 28.7% to become the sector with the 2nd most businesses. Information and Company management grew by 49.2% and 35.4% respectively
The Healthcare sector employs the most workers in the state of Oregon . The number of jobs has increased 23.5% since the end of the recession from 191,100 to 235,953. The table below illustrates the change in employment in each sector:
|Accommodation and food services||179,059||140,714||27.3%|
|Finance and insurance||57,079||56,930||0.3%|
|Transport and warehousing||56,034||46,242||21.2%|
|Agriculture and forestry||50,610||44,829||12.9%|
|Arts and entertainment||26,765||21,796||22.8%|
|Real estate and rental||26,635||24,977||6.6%|
|Mining and oil extraction||1,829||1,676||9.1%|
The only sector that lost jobs since the recession is the Utilities sector reducing their number of employees by 1.0%. The Finance and insurance sector was essentially flat adding 0.3%. Several sectors added a significant number of workers since the recession with Company management (+53.1%), Professional services (+36.0%) and Construction (+33.7%) adding the highest percentages.
The sector with the highest wages is the Company management sector at $2,248. Prior to the recession, the sector’s average weekly wage was $1,388. This is an increase of $860 per week or 62.0%. The table below illustrates the change in average weekly wages in each sector:
|Finance and insurance||$1,516||$1,129||34.3%|
|Mining and oil extraction||$1,114||$853||30.6%|
|Transport and warehousing||$906||$753||20.3%|
|Real estate and rental||$840||$599||40.2%|
|Agriculture and forestry||$664||$503||32.0%|
|Arts and entertainment||$538||$425||26.6%|
|Accommodation and food services||$392||$302||29.8%|
Oregon had an average weekly wage growth rate that exceeded the national average and that is evident in the fact that workers in most sectors had increased wages. The only real laggard is the Wholesale trade sector which increased by 13.7% about half of the state average. In addition to the increased wages in the Company management sector, the Real estate and rental sector (+40.2%), Professional services (+34.4%) and the Finance and insurance sector (34.3%) had the highest wage increases.
Each of the sectors in the previous section are made up of a number of detailed industries. The top industry that has experienced the most growth (as a percent) since the recession is Private households which has grown 154.4%. The top industry that has contracted the most is Offices of physicians which has contracted by 0.2% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of businesses since the recession:
|Wholesale trade agents and brokers||5,037||4,946||1.8%|
|Residential building construction||4,467||3,652||22.3%|
|Computer systems design and related services||2,553||1,816||40.6%|
|Offices of lawyers||2,297||2,152||6.7%|
|Offices of physicians||2,244||2,248||-0.2%|
|Management consulting services||2,216||1,471||50.6%|
|Accounting and bookkeeping services||2,167||1,968||10.1%|
|Insurance agencies and brokerages||2,006||1,877||6.9%|
The industry that has experienced the most growth in number of employees (as a percent) since the recession is Computer systems design and related services which has grown 71.9%. The industry that has lost the most employees is Religious organizations which has contracted by 0.8% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of employees since the recession:
|General medical and surgical hospitals||57,487||52,889||8.7%|
|Management of companies and enterprises||47,057||30,733||53.1%|
|Temporary help services||35,525||24,014||47.9%|
|Offices of physicians||33,088||26,939||22.8%|
|Supermarkets and other grocery stores||32,314||28,805||12.2%|
|Semiconductor and electronic component mfg.||28,638||25,645||11.7%|
|Continuing care, assisted living facilities||24,802||18,419||34.7%|
|Hotels and motels, except casino hotels||22,312||18,704||19.3%|
|Computer systems design and related services||16,250||9,451||71.9%|
Since the recession ended, the industry that has experienced the greatest increase in average weekly pay per employee (as a percent) is Media buying agencies which has grown 96.6%. The average weekly wage in the Grain and field bean merchant wholesalers industry has grown by 11.6% since the recession. This is the industry with the lowest wage growth among top industries in Oregon . The table below illustrates the 10 largest industries and their change in the average weekly wages since the recession:
|Investment banking and securities dealing||$4,197||$3,052||37.5%|
|Footwear merchant wholesalers||$3,988||$2,888||38.1%|
|Other financial vehicles||$3,057||$2,192||39.5%|
|Semiconductor and electronic component mfg.||$2,754||$1,865||47.7%|
|Grain and field bean merchant wholesalers||$2,626||$2,354||11.6%|
|Media buying agencies||$2,544||$1,294||96.6%|
|Computer and software merchant wholesalers||$2,469||$1,875||31.7%|
Please note, during the comparison period the NAICS coding has had changes made to it. For proper comparisons we are only including industries that have NOT been affected by these changes.
The biggest percentage change in the number of businesses has been in businesses with 250 to 499 employees. The number of businesses with this number of employees has grown from 290 to 390, which is an increase of 34.5%.
The smallest percentage change in the number of businesses has been in businesses with 5 to 9 employees. The number of businesses with this number of employees has grown from 21,176 to 24,226, which is an increase of 14.4%.
Table: Change in the number of Businesses by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||92,776||72,577||27.8%|
|More Than 1,000 Employees||53||40||32.5%|
The biggest percentage change in the number of employees has been in businesses with 1,000 or more employees. The number of employees in companies this size has grown from 74,933 to 116,118, which is an increase of 55.0%.
The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of employees with this number of employees has grown from 138,683 to 158,460, which is an increase of 14.3%.
Table: Change in the number of Employees by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||135,965||116,042||17.2%|
|More Than 1,000 Employees||116,118||74,933||55.0%|
The biggest percentage change in the average weekly wage has been in businesses with 1,000 or more employees. The average weekly wage in companies this size has grown from $1,509 to $2,079, which is an increase of 37.8%.
The smallest percentage change in the average weekly wage has been in businesses with 500 to 999 employees. The average weekly wage in companies this size has grown from $1,181 to $1,386, which is an increase of 17.4%.
Table: Change Average Weekly Wage by Size Since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||$902||$664||35.8%|
|More Than 1,000 Employees||$2,079||$1,509||37.8%|
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.