Economy, Business, Finance, and Labor

Economy and business news

Oregon's Minimum Wage Increases As Of July 1

Jun 30, 2016
Oregon Bureau of Labor and Industries

Tens of thousands of Oregonians will get a raise Friday when the state's minimum wage goes up for the first time in 18 months.

Chris Lehman / Northwest News Network

A newly released report from the left-leaning Oregon Center for Public Policy has found that Oregon corporations today are paying a smaller portion of the state's income and property taxes than they did 40 years ago.

Oregon Bureau of Labor and Industries

Oregon employers have new guidance from the state on how much to pay their employees when the state's minimum wage goes up next month. The Oregon Bureau of Labor and Industries released rules Wednesday meant to clear up one of the questions surrounding the legislatively-approved minimum wage hike.

Friedmutter Group/Spokane Tribe Economic Project

U.S. Interior Secretary Sally Jewell has announced a visit with the Spokane Indian Tribe Thursday. The visit comes as Washington Gov. Jay Inslee has signed off on a plan that includes a casino.

Strong Job Gains Boost Oregon's Revenue Outlook

Jun 3, 2016
Chris Lehman / Northwest News Network

Oregon's economy continues to be strong. That's according to the latest revenue forecast from state economists, which was delivered Friday at the capitol in Salem.

Washington Employment Security Department

The statewide unemployment rate in Washington is not budging despite steady hiring by employers. It's stuck at 5.8 percent in the latest monthly jobs report released Wednesday by the Washington Employment Security Department.

Olympic Runner Puts Body Up For Auction

May 3, 2016
Tom Banse / NW News Network

A two-time Olympian from the Pacific Northwest is renting out part of his body on eBay to make a point about the earning prospects for elite American runners. This week's auction is the latest gambit by outspoken middle-distance runner Nick Symmonds to take on his sport's governing boards.

Washington Employment Security Department

The unemployment rate in Washington state held steady at 5.8 percent for the fourth consecutive month in March. But in its latest jobs report out Wednesday, the state employment department reported steady hiring across most of the economy.

Alaska Airlines/Virgin America

Alaska Airlines management is expressing confidence about integrating its rival Virgin America, whose pending acquisition was announced Monday. Any airline merger poses challenges and this one is no exception.

Alaska Air outbid rival JetBlue Airways to acquire Virgin America in what Alaska Air CEO Brad Tilden described as "a hard fought competition." Alaska Air won the bidding war with a $2.6 billion all-cash offer that was announced Monday.

Tom Banse / Northwest News Network

A U.S. bankruptcy judge Tuesday approved the sale of the profitable core of the Haggen grocery chain to rival Albertsons. That brings to a close the dismantling of the Washington-based company.

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