PORTLAND, Ore. (AP) — A monthly index of indicators shows weakness in Oregon’s recovery from the Great Recession, but not enough yet to conclude that another recession is ahead.
The index compiled by economist Tim Duy (DOO-ee) of the University of Oregon showed only one bright spot for May, in capital goods orders.
Otherwise, Duy’s report said, figures for unemployment claims, employment service payrolls, interest rates and building permits signaled sluggish economic growth ahead.
The index, designed to anticipate recessions, had been rising since last summer.
Duy’s analysis says the May numbers are consistent with concerns that the economy will falter this year, delaying the time when economic expansion will result in a significant growth in jobs.
