By Taxpayers Association of Oregon Foundation
Oregon population growth will rebound, then stabilize over the next few years, according to the Oregon Office of Economic analysis.
The prediction is based on typical business cycle patterns, and the number of out of state licenses surrendered to the Oregon DMV. Surrendered licenses are the best leading indicator for migration. The underlying trend in the past 6-9 months is higher than the pre-pandemic trend.
The Office credits Oregon’s attraction and retention of working-age households as the primary reason why the state’s economy grows faster than the nation over the entire business cycle.