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South Coast Economic Indicators - February 2023

February’s South Coast indicators that slice up the latest January data can be viewed by following this QualityInfo link.

 

South Coast Economy:

The following numbers take a look at over-the-month (December 2022 to January 2023) employment changes within the South Coast. Coos County lost 460 jobs over the month. Jobs were lost in a variety of industries; leisure and hospitality (-70 jobs), professional and business services (-70), construction (-50), and government administration (-130). Curry County lost 110 jobs over the month, 30 of which were in retail trade. There were 33,075 employed workers and 2,314 unemployed people in Oregon’s South Coast in January 2023.

 

Both counties saw little uptick in unemployment from the previous month but no significant change. You can find the Coast’s Employment Press Release that dives deeper into industry specific employment details here:

 

Special Topic of the Month: How Have Wages Changed Throughout the Pandemic?


Inflation and wages have both made lots of headlines lately so this month we take a look at the South Coast’s major industries and how their wages have recently changed. By comparing 2019 and 2022 wages we can see how much more (or less) workers are taking home on average. In Curry County, management workers saw the largest average wage increase throughout the four year period and construction workers earn about $157 more a month. There were five major industries in Curry that had lower average wages per worker in 2022: (1) natural resources and mining (2) wholesale trade (3) government administration (4) transportation and warehousing and (5) manufacturing. *To see more details on Coos wages check the attached PDF.

 

Good Reads:


Thanks for reading! Don’t hesitate to reach out with data questions or if you’d like to explore any other workforce related topic. You can expect to receive the March edition using February data in the first week of April!

 

Carlos D. Diaz

Workforce Analyst/ Economist

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