Economic Indicators for Clackamas County
Clackamas County did well economically in January, gaining 2,000 jobs from January 2019 to January 2020. The gains were significant in professional and business services, up 700, and increasing 500 in leisure and hospitality with health services and construction each gaining 400.
However, the losses weren't as significant with 200 each in retail trade and financial activities and 100 in wholesale trade. Unemployment increased by a mere 0.7 percentage points to 3.3 percent, up from 2.6 percent the previous December. However, many holiday jobs were seasonal and temporary. There were 7,219 people looking for work in January, according to Oregon's Employment Department.
The Gross Domestic Product is the total market value of all finished goods and services produced in a geographic area over a specific time period. In Clackamas County, GDP reached $19.6 billion in 2018, increasing of $682.4 million from 2017. The county had the third highest GDP in Oregon during 2018, with Multnomah County coming in first and Washington County second.
The county industries with the highest levels of GDP included manufacturing at 19.1 percent, real estate and rental and leasing at 15.4 percent and professional and business services at 11.8 percent. The three industries made up 46 percent of Clackamas County's GDP in 2018.
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