November 25. 2009
Page A8
B usiness
New Jobs Coming, but Slower than Past
Experts see
changing
workforce
The Oregon Employment
Department expects modest
job growth over the next 10
years, although many of the
job openings are expected
due to the need to replace
workers who leave their cur
rent occupations.
The department's forecast
ers predict that economic
growth will add more than
160,000 jobs, a gain of 9 per
cent over the decade. This
growth is slightly less than the
10 percent gain that occurred
between 1998 and 2008 and
much slower than in many
prior 10-year periods.
The manufacturing indus
try is the only broad sector
expected to lose jobs be
tween 2008 and 2018.
Education and health care
services are expected to
grow by 23 percent and add
nearly 50,000jobs to meet the
needs o f the state's growing
and aging population.
Professional and business
services are forecast to grow
the econom y as a whole,
many job openings should
result from workers leaving
their occupations to change
careers or retire.
In addition to the 163,000
job openings due to economic
growth, department forecast
ers ex pect an ad d itio n al
430,000 openings to replace
current workers who leave
their occupations.
Three occupational groups
- office and administrative
2008 and 2018, the only broad support; service occupations;
sector not to gain jobs over and professional and related
occupations - together rep
the decade.
Despite slow job growth in resent almost half of all em
by about 14 percent or al percent growth.
Manufacturing will likely
most 28,000 jobs. Leisure
and hospitality will add 12 decline by 3 percent and lose
percent or 21,500 jobs. The over 5,000 jo b s betw een
Despite slow job growth in the
economy as a whole, many job
openings should result from
workers leaving their occupations
to change careers or retire.
slow est-grow ing sector is
construction with 1 percent
growth over the decade, fol
lowed by information with 2
ployment in 2008 and 52 per
cent of projected growth job
openings.
The wide variety o f high-
paying, high-demand occu
pations include registered
nurses, general managers,
truck drivers, accountants,
wholesale sales representa
tives, supervisors of retail and
o ffic e
w o rk ers,
and
p o stse c o n d a ry tea c h e rs,
among others.
Metro areas are expected
to grow at close to the state
wide average and half o f the
state's job growth will be in
the Portland area.
Convention Center opens ‘Stir’ Restaurant
The Oregon Convention and lounge, Stir, to facility
Designed as a convenient
Center just opened its cos- guests and the general pub- and comfortable space for
m opolitan new restaurant lie.
meeting and convention cus-
photo by N ancy
E rz
‘Stzr, ’ a new restaurant and lounge at the Oregon Conven
tion Center, serves locally-produced spirits and foods
boasting Oregon’s bounty.
tomers to network and relax.
Stir promises to be a favor
ite neighborhood gathering
place for area businesses,
residents and passersby in
inner northeast and southeast
Portland.
“Adding Stir to the cus
tomer experience is just one
more way the Oregon Con
vention Center highlights all
that is Oregon to visitors
from around the world,” said
Jeff Blosser, the convention
center’s executive director.
“We’ll highlight local ingre
dients with appetizing menu
selections in small plate for
mat and showcase the larg
est selection o f O regon-
based spirits around through
hand-crafted cocktails, local
m icro b rew s and O regon
wines.”
A special cocktail named
the “Solartini” was created
for Stir in honor o f the con
vention center’s new part
nership with SunEdison to
install solar power panels on
its rooftop.
Located in the main lobby
o f the convention center at
777 N.E. Martin Luther King
Jr. Blvd., Stir is operated by
A R A M A R K /G ia co m e tti
Partners, the center’s food
and beverage services con
tractor.
Stir’s hours o f operation
will coincide with the sched
uled activities of conventions,
conferences, meetings and
other events held at the fa
cility.
•
Managing »oui Money
Discovering What’s Really Important
It’s important to understand
most people experience discom-
some o f the “fear factors” when
making plans for the distribu
tion o f your estate.
For example, why don’t we
talk about Legacy as a family,
as a people, or as part o f our
culture?
A recent study found that
fort with discussions on topics
that relate to death and inherit
ance. But without prior discus
sions and planning around this
topic, it can create even more
fear or conflict among family
members.
If conflict already exists, there
m u g h a n d s to vtn o tim e o j n te d "
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We give thanks this holiday to our founder,
his w ife, son and daughter w ho has paved the
w ay for a vision so well needed.
W ith their strength, courage, dedication and
determ ination an historical tradition still
lives on today.
Cox & Cox Funeral C hapel thanks the entire
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throughout the years. M ay your Thanksgiving
be a day o f rem em brance.
fr A M II.Y OW NED & OPERATED 64 YEARS'
173b N f R o d tiry, Portland, Oregon 97212
1
i
by
R ick
^ EE
is natural fear that these discus
sions could make it worse. If it
doesn’t exist (or doesn’t seem
to), there may be a fear that talk-
ing ab o u t se n sitiv e to p ic s
could initiate conflict. Uncer
tainty over the issue o f “fair
ness” certainly keeps family
members from talking. While
some people may feel that “fair”
means “equal”; others might
believe that “equal” would not
be “fair”.
The study by Allianz Ameri
can Legacies, found that per
sonal discomfort with the top
ics o f inheritance and death was
the biggest barrier to discus
sions about estate planning.
Surprisingly, people from the
baby boom generation were
even m ore u n c o m fo rta b le
about talking about inheritance
than their parents.
The subject o f most conflict
was not money as we might ex
pect, but related to fulfilling last
wishes and the distribution o f
personal possessions.
The issue o f fairness over the
distribution o f an estate was
also viewed differently depend
ing on the net worth of the indi
vidual.
While most elders say they
ultim ately plan to distribute
their inheritance equally among
their children, many - especially
those with higher net worth -
w ould say their inheritance
should be earned.
This is called “performance-
based distribution" when par
ents decide, what each child will
receive based on som ething
other than an equal division o f
assets.
In my next column, we are
going to look at rethinking the
“fear factors.”
Financial Advisor Rick L.
Lee, CRPC, can be reached at
503-539-R994 or via email at
pro_wealthmgnt@wvi.com.