Economy and DemographicsClackamas County, Oregon
Population Growth in Clackamas County
The population in Clackamas County has grown 23% in the last 18 years, but that population growth is not evenly distributed across all cities in the county. Happy Valley saw the largest growth of all the communities shown here by a wide margin, with just over 350% population growth since 2000.
Education and Unemployment in Clackamas County
Educational attainment measures the highest level of education that the population 25 years and over have reached. This is a great indicator of how educated the local workforce is. Based on data from the American Community Survey, 44% of the population in Clackamas County has attained an associate's degree or higher.
Unemployment in Clackamas County has decreased by 3.6 percentage points since the beginning of 2014. The quarterly unemployment rate in Clackamas County reached 3.4 percent in 2019/Q2. This was the lowest unemployment rate in the county since 1995.
Jobs in Clackamas County
Economic indicators like jobs and GDP are calculated utilizing a location quotient. Location Quotients (LQ’s) are ratios that help quantify how concentrated a particular industry, cluster, or occupation is in a region as compared to a broader geographical reference area. A LQ greater than 1 indicates an industry has a greater share of local area employment than is the case in the broader, reference area. In this case, key clusters account for about 50% of the county GDP. This would suggest a high LQ ratio for these key clusters.
Over the last 17 years, the number of jobs available in Clackamas County has changed in a slow steady manner. In 2000, there were 185,741 jobs; by 2017 that number had grown to 227,363 or by 22.4%.
A key cluster is a group of businesses in a geographic area that share similar markets, technologies, worker needs, and often supply chains.
In terms of employment, the five largest key clusters in the region of Clackamas County are:
• Professional Business Services
• Health Care
• Wholesale Trade
• High Tech
• Advanced Manufacturing.
These Key Cluster industries employed 72,316 workers in 2017.
Income and GDP in Clackamas County
Gross Domestic Product, or GDP, is a measure of the annual contribution of an industry, measured by employee compensation, proprietor income, other income, and tax payments.
High tech as a cluster saw significant growth during 2011-2012, topping out in 2012 with $365,844 dollars in GDP - and leveling off to 282,478 in 2017.
Employee compensation per job in Clackamas County has risen quickly since 2014, topping out at $49,664 per job in 2017. Compensation is the combination of salaries, wages, and benefits that employees receive in exchange for them doing a particular job. Benefits often include health insurance, sick-leave, life and/or disability insurance, retirement plans, and vacation time.
About the Data
• Economic data was gathered from Clackamas County IMPLAN. IMPLAN stands for IMPact for PLANning, which is an economic input/output model used by Clackamas County to accurately depict their preferred economic indicators.
• Educational attainment data is from the American Community Survey (ACS). This report uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
• Population change data is from the Portland State University Population Research Center.
• Unemployment data is from Local Area Unemployment Statistics (LAUS). LAUS is a Federal-State cooperative program that develops monthly estimates of the labor force, employment, unemployment, and unemployment rates for the state, counties, labor market areas, metropolitan and micropolitan statistical areas, and cities and towns (minor civil divisions) with a 2010 population over 1,000.