The West Coast is synonymous with innovation, growth and prosperity, and Portland is no exception. With it’s steady and growing talent base – the labor pool is growing at a rate six times the national average – and established and diverse industries, the city is a hotbed for workforce talent, job growth, and cutting-edge innovation in software IT, manufacturing, healthcare, and athletic and outdoor apparel.
As of March 2018, Portland’s unemployment rate was 4.1%, an exceptionally low rate that hasn’t been seen since the mid-1970s. This is in large part due to the incredible job growth in the region. Since the 2009 recession, Portland has created 207,000 jobs – 5,000 of which were added in January of this year. Portland’s job growth is 7% higher than the rest of the country, making it a attractive place for new talent and for talent retention.
Income and Salaries
Not only does the steady job growth make Portland an attractive city, but the average income for Portland residents is noticeably higher than other areas of the United States. For the average Portland resident, their income is almost $4,000/year higher than the national average. This adds up and is nothing to sneeze at – especially when you look at all the other things the city has to offer for its residents.
It’s no secret that Portland is a beautiful place to live – how could it not be? It’s located on the West Coast, where you can find beaches for surfing, and mountains for skiing and snowboarding just a short distance from where you live and work. The beauty of Portland is a selling feature for employers who can entice talent from around the world with cutting edge innovative positions and a universally enjoyable place to live. Because of the competitive job market, hopeful job growth rates, global connections, strong infrastructure, and career opportunities in private, public, and non-profit sectors, Portland is an ideal location for job seekers and employers alike.
Portland is known for its diverse industries ranging from software IT, to manufacturing, healthcare, and athletic and outdoor apparel, and education, among others. Here is a breakdown of some of these industries to help illustrate the diversity:
With these diverse industries, strong talent pool, steady job growth, and beautiful location, Portland is perfect for job seekers and employers alike.