After researching multiple credible sources, it is clear that Oregon’s economy is slowing down significantly, though it is not officially in a recession. The state has lost nearly 25,000 jobs over the past year, and faces a projected $25 billion loss in federal funding due to cuts that will affect health care, food assistance, and education programs. According to Mark Zandi, chief economist at Moody’s Analytics, “Twenty-two states are either in a recession or on the verge of a downturn,” placing Oregon on the verge rather than fully in one (NewsNation, 2025). Similarly, The Oregonian reports that “Oregon employers have reported more than 11,000 layoffs since the start of last year, a torrid pace of job cuts amid the steady deterioration of the state’s labor market” (Rogoway, 2025). Yet, as the Oregon Legislative Revenue Office recently stated, “The broader state economy is likely to avoid recession as long as the national economy holds up. However, sector-specific recessions are likely” (“Oregon Economy Slowing, Likely Not in a Recession,” 2025). Altogether, these reports show that while Oregon is experiencing economic strain and rising unemployment, the state is not yet in a full recession though it remains vulnerable if current trends continue.
Articles: https://www.koin.com/news/oregon/22-states-including-oregon-are-in-a-recession-or-on-the-brink-financial-company-says/
https://www.oregonlive.com/business/2025/09/oregon-mass-layoffs-approach-great-recession-levels.html
https://www.orcities.org/resources/communications/bulletin/oregon-economy-slowing-25