Archive for the ‘Economics’ Category.

Eugene Economic Growth Attitude Trend

As one would expect during a period of slow or negative economic growth, Eugeneans are rating economic growth as going too slowly. Virtually no one is saying that Eugene’s economic growth is “too fast.”

To gain a clearer picture of how Eugeneans are assessing growth issues, one should also look at their population growth assessment. The polling trend for that question is at http://lindholmcompanyblog.com/?p=6799.

The wording of the economic growth question was designed to parallel a question that used to be asked on the Eugene Community Survey. The economic growth and population growth questions used to be asked in parallel.

QUESTION:
Do you believe that recent economic growth in Eugene has been too fast, too slow, or just about right?

METHODOLOGY:
All surveys consist of 200 telephone interviews of likely Eugene General Election voters. The margin of error at the overall sample median is plus or minus 7 percent.

2008 Other Oregon Income Distribution

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The red line shows the share of income held by each centile (1%) of population. A perfectly egalitarian distribution would follow the 45 degree blue line from the lower left corner to the upper right corner.

Any real world distibution would fall short. The question is how much. The Gini coefficient measures the amount of area between perfect equality (the 45 degree blue line) and the actual distribution of income along the red line.

The Gini coefficient for the State of Oregon in 2008 equalled 0.45.

The Other Oregon, as defined here, includes everything except Clackamas, Multnomah, and Washington counties.

Source of data: 2008 American Community Survey, Public Use Micro Sample.

2008 Portland Metro Income Distribution

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The red line shows the share of income held by each centile (1%) of population. A perfectly egalitarian distribution would follow the 45 degree blue line from the lower left corner to the upper right corner.

Any real world distibution would fall short. The question is how much. The Gini coefficient measures the amount of area between perfect equality (the 45 degree blue line) and the actual distribution of income along the red line.

The Gini coefficient for the Portland Metro Area in 2008 equalled 0.45.

The Portland Metro, as defined here, includes Clackamas, Multnomah, and Washington counties.

Source of data: 2008 American Community Survey, Public Use Micro Sample.

2008 Oregon Statewide Income Distribution

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The red line shows the share of income held by each centile (1%) of population. A perfectly egalitarian distribution would follow the 45 degree blue line from the lower left corner to the upper right corner.

Any real world distibution would fall short. The question is how much. The Gini coefficient measures the amount of area between perfect equality (the 45 degree blue line) and the actual distribution of income along the red line.

The Gini coefficient for the State of Oregon in 2008 equalled 0.45.

Source of data: 2008 American Community Survey, Public Use Micro Sample.

Location of Lane County Oregon’s Agricultural Sector

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This graphic show four different definitions of the size of the Lane County, Oregon agricultural sector. Roughly half the sector is in the Metro (Eugene and Springfield) ZIP Codes.

The regions are defined by ZIP Code. The Metro region includes 97401, 97402, 97403, 97404, 97405, 97408, 97477 and 97478. The Rural region includes the rest of Lane County.

The data are from 2008, the latest year available.

Source of data: Minnesota Implan Group.

Economic Size by Lane County Region

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This shows the relative size of the Lane County economy by region using employment and output as measures.

The economic focus of Lane County is clearly in Eugene.

The regions are defined by ZIP Code. The Eugene region includes 97401, 97402, 97403, 97404, 97405, and 97408. The Springfield region included 97477 and 97478. The Non-Metro region includes the rest of Lane County.

The data are from 2008, the latest year available. The data include both private and government employment and output.

Source of data: Minnesota Implan Group.

Rural Lane County Employment by Sector

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The service sector is by far the largest sector. This is true in nearly every region of the United States. Compared with Eugene and Springfield, the rural region has more agriculture, construction, and government and a substantially smaller service sector.

The latest official data are from 2008.

The Rural Lane region includes all of Lane County outside the Eugene and Springfield regions (ZIP Codes: 97401, 97402, 97403, 97404, 97405, 97408, 97477, and 97478.

Source of data: Minnesota Implan Group.

Springfield Employment by Sector

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The service sector is by far the largest sector. This is true in nearly every region of the United States. Compared with the county as a whole, Springfield has more construction and government.

The latest official data are from 2008.

The Springfield region is defined by ZIP Code and includes: 97477 and 97478.

Source of data: Minnesota Implan Group.

Eugene Employment by Sector

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The service sector is by far the largest sector. This is true in nearly every region of the United States. Compared with the county as a whole, Eugene has more manufacturing trade and services.

The latest official data are from 2008.

The Eugene region is defined by ZIP Code and includes: 97401, 97402, 97403, 97404, 97405, and 97408.

Source of data: Minnesota Implan Group.

Relative Change US Consumption Components

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Personal Consumption Expenditures can be viewed as expenditures by the household sector.

This graphic shows very clearly that durable goods are the most volatile component of consumption.

The relative change equals the share of the change divided by the share (based on two earlier posts).

The 2nd Quarter 2007 was the last quarter prior to the economic downturn.The 2nd Quarter 2010 has the most recent available data.

Data Source: 2nd Quarter 2007 and 2nd Quarter 2010 National Income and Product Accounts from the Bureau of Economic Analysis.