Report
Portland Economic Update (2023Q1)
May 12, 2023 45 Minute Read
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The Portland metro region continued to gain jobs during Q1 of 2023, mainly driven by the Construction, Business Services and Trade/Transport sectors. Despite continued challenges to underwriting deals and financing business operations amidst hawkish monetary policy, overall consumer spending improved and equity markets again generated positive returns during the quarter. With respect to job postings, however, the Portland Metro region ended Q1 with 7% fewer postings than pre-pandemic levels on a seasonally adjusted basis.1
1 Indeed Hiring Lab, April 2023.
Portland area spending continues to exceed pre-pandemic levels, though entertainment spending remains over 10% below pre-pandemic levels.