Story perspectives

Portland's Job Losses Surge Amid Stagnant Housing Market

2/13/2026

Summary

Story summary

Portland's economy is facing broad-based decline, with EcoNorthwest, a regional economic research firm, reporting nearly 9,000 city job losses in the past year and 33,000 in Multnomah County since the pandemic.
Housing construction is stagnant, with only 656 multifamily units planned for 2025.
Clark County shows job growth, contrasting Portland's downturn amid high housing costs and homelessness.
State economists forecast potential stabilization and growth in the coming years.

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Story summary

Portland's economy is facing broad-based decline, with EcoNorthwest, a regional economic research firm, reporting nearly 9,000 city job losses in the past year and 33,000 in Multnomah County since the pandemic.
Housing construction is stagnant, with only 656 multifamily units planned for 2025.
Clark County shows job growth, contrasting Portland's downturn amid high housing costs and homelessness.
State economists forecast potential stabilization and growth in the coming years.