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County Forecast Shows Glimmers of Recovery

By Gia Vang

 

LANE COUNTY, Ore. -- Not much has changed for the second quarter of 2009's business index.

 

University of Oregon economic department director Tim Duy said Lane County's overall business index declined 1.7 percent overall.

 

Duy said the forecast shows we're heading toward recovery, but there is still a lot of unanswered questions since there has been so much government incentive programs.

 

Highlights of the county's business index show unemployment continues to drop, home sales fell, while tourism and travel firmed.

 

While the index shows slowing sliding overall, this is the 8th consecutive quarter to show a decline.

 

Duy said the next county economic forecast will be out in mid-November.