Now let’s move on to the economic outlook in our operating area. We continue to see customer growth with the addition of 2400 new customers since the third quarter of 2010. According to the Oregon employment department, Oregon seasonally adjusted unemployment rate remained flat at 9.6% in September.This compares to the U.S. average of 9.1%. Oregon’s private sector payroll grew faster then the national average with growth of 2.3% in the last nine months compared to the same period last year versus 1.6% for the U.S. The Oregon office of economic analysis forecast that jobs in Oregon will continue to grow faster than the U.S. average during the next several years.
Portland General Electric CEO Discusses Q3 2011 Results - Earnings Call Transcript
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