Economy

Economy, Business, Finance & Labor

http://defazio.house.gov/

Today (Monday), trade ministers from the United States and 11 other countries reached agreement on the contentious Trans-Pacific Partnership. Oregon’s Congressman Peter DeFazio, however, continues to oppose it.

DeFazio issued a statement calling the TPP “the biggest, worst trade deal in history.” He’s been speaking against the TPP for years. If passed, it would phase out tariffs and other barriers to trade between the United States, Japan, Vietnam and others. In June, DeFazio said the TPP has the same problems as earlier policies, like the North American Free Trade Agreement:

Copyright, Boeing Co.

World War II marked a turning point for the city of Seattle. Boeing built thousands of B17 planes at a facility on the Duwamish River. At one point, 30,000 people reported for work there, assembling the planes that would help the allies defeat the Nazis. But with most of the young, white men overseas, Boeing was forced to expand its hiring criteria.

Chris Lehman

Starting October 1st, adults in Oregon will be able to walk into a medical marijuana dispensary and buy pot for recreational use.

AARP Oregon

Finding a job in today's market if you are over 55 isn't easy. Changing demographics and a surge of college-educated millennials competing for jobs mean older workers need to be on their game to be considered.

According to a report released by the AARP, workers age 50 and older value stability at work more, and are 40% less likely than younger workers to change jobs even if an opportunity comes up. Joyce DeMonnin is a Spokeswoman with AARP Oregon. She says employers' discriminating against hiring older workers is a real problem.

Lane County Adds Jobs in August

Sep 23, 2015
Oregon Employment Department

Lane County’s unemployment rate decreased slightly in August. It’s the first decrease after three consecutive increases.

Courtesy of Nyhus Communications

Chinese President Xi Jinping will meet with titans of Northwest commerce this week on their home turf: Think Boeing, Starbucks, Microsoft and Amazon. Visits from Chinese dignitaries are often accompanied by announcements of deals or sales.

www.oregonorganiccoalition.org

Oregon ranks eighth in the nation for certified organic farms according to the U.S. Department of Agriculture. A recently released survey is showing expanded growth and an international interest in organic exports.

Karen Richards

Officials broke ground on a new affordable housing complex in north Eugene today (Monday). Phase two of Bascom Village will be sure to fill up quickly.

Near County Farm Road and Coburg Road, earth movers clear the ground for the second half of the Bascom Village community, which will have 48 units.

oregoneconomicanalysis.com

Oregon has been awarded a 3 million dollar grant to boost manufacturing apprenticeships.

The grant is part of $175 million from the U.S. Department of Labor. Securing the money was a collaborative effort between the Employment and Labor Departments, forming the Oregon-Apprenticeships in Manufacturing, or AIM, Program. Andrea Fogue is a spokeswoman for the Oregon Department of Labor. She says during the next three to four months, while the program is being set up, the state will work with community colleges and employers to get the money on the ground.

Karen Richards

Elected officials and Chamber of Commerce leaders gathered in Eugene today (Thursday) to recognize a company that's hired 250 people in just four months. FirstSource Solution plans to more than double that number in its next phase.

The Mumbai-based company signed a 10-year lease on the Chad Drive property. FirstSource provides online chat support for a large telecommunications company. Chris Autrey is the Site Director. He says even though the Eugene area has several other customer support centers, his company hasn't had difficulty finding workers:

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