Report: Portland Jobs Back, But Incomes Lag

(AP) — The Portland metropolitan region has regained the jobs lost during the recession, but household incomes remain below pre-recession levels, according to a report released Wednesday. Despite the uptick in jobs, median household income was $4,400 below pre-recession levels, and per-capita income was 4.6 percent less than the average for metro areas — $45,850 nationally and $43,734 in Portland. A highlight in the report is that Portland ranks third in the nation for metro areas in terms of gross metropolitan product, the market value of all goods and services produced. Tapogna notes that baby boomers are leaving the workforce, adding pressure on public finances in a place that does not have a sales tax.

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