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Elder population increasing to 566,573 by 2045, adding more than 150,000 people

Clackamas County's unemployment rate continues to bounce up and down. Last May, the unemployment rate reached its lowest level of 3.0 percent, jumping up to 3.7 percent in June, 3.9 percent in July and 4.1 percent in August. But September saw a drop back down to 3.7 percent.

Canby's unemployment rate also dropped from 4.2 percent in August to 3.7 percent in September. Molalla's rate, on the other hand, dropped significantly from August's 5.4 percent to 4.0 percent unemployed in September.

In September, Molalla 4,632 people in the labor force with 4,445 employed and 187 people unemployed. That compares with 4586 people in the workforce in September 2018, with 4,421 of them employed and 165 unemployed.

Canby had a workforce of 8,827 with 8,504 employed and 323 unemployed this September compared with 8,908 in the previous month's workforce with 8,533 employed and 375 unemployed. A year ago there were 8783 in the workforce with 8,459 employed with 324 unemployed.

The highest job growth in the county was in professional and business services; manufacturing; local government; private education; and health services. Losses came from retail trade and financial activities (real estate). Unemployed workers who were looking for work dropped by 1,108 in September.

Population

The county population's is expected to fast increasing to 566,573 by 2045 and adding 156,915 residents to the county's population base. The highest growth rates will be in the 70+ age group and older, which is expected to increase 93,563 people by 2045. They will make up 16.5 percent of the population, growing from 11.6 percent in 2017.

Expenses

Clackamas County's estimated median incomes for 2019 reached $73,539. More than half of those expenses at 53.9 percent were payments for shelter, transportation and food and beverages. Health care, utilities and entertainment made up 21.3 percent of total household spending. Household operations, furnishings, apparel, contributions and education was 17.5 percent of household expenses, while gifts, miscellaneous, personal care, personal insurance, tobacco and reading made up 7.2 of the total household expenditures.

Income Growth

Median household income for the county rose nearly $20,000 from 2010 to 2018. In 2010, during the Great Recession, median household income was $62,439. Eight years later, in 2018, it had grown to $81,278, according to Lynn Wallis, Clackamas County economist for the Oregon Employment Department, research division.


Carol Rosen
Reporter
503-266-7507
email: This email address is being protected from spambots. You need JavaScript enabled to view it.


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