Economists predict employment rate will get back to pre-pandemic level towards the end of 2022

MEDFORD, Ore. – In March, we’ll be entering our 3rd year of this pandemic. While COVID-19 is still very much here, a regional economist said our economy is slowly going back to normal.

COVID-19 has hit everyone to varying degrees, but experts said there’s no doubt it’s affected Southern Oregon’s economy.

“A lot of industries and businesses got hit pretty hard by the pandemic,” said Guy Tauer, Regional Economist for Oregon Employment Department.

As we approach the 3rd year of this pandemic, Tauer said there could be a light at the end of the tunnel.

“The latest forecasts from the Office of Economic Analysis Projects, that employment will get back to pre-pandemic level about the end of 2022,” said Tauer.

Tauer said while Rogue Valley industries like hospitality, education, and manufacturing are still seeing a decline in employment, other sectors are seeing the opposite. Industries such as social assistance and business services have seen an increase in employment locally.

“We’ve gained back quite a few of those jobs, we’re well on our way to regaining back to that pre-pandemic level of employment,” said Tauer.

Tauer said when Southern Oregon gets back to some sort of normalcy, the economy will likely follow. There are still hundreds of job openings across Southern Oregon from Coos County, all the way to Klamath. If you’re looking for a job head over to oregon.gov\employ.

NBC5 News reporter Katie Streit comes from her hometown, Las Vegas. Katie went to the Hank Greenspun School of Journalism & Media Studies at the University of Nevada, Las Vegas. While in Las Vegas, Katie won a Student Emmy for her coverage of the Las Vegas Shooting Anniversary. She also hosted and produced the university's political news show, where she interviewed Nevada Governor Steve Sisolak and Congresswoman Dina Titus (NV-1). Her passion for politics turned into a coveted internship at the US Capitol in Washington D.C. In her final months working in the Las Vegas area, she was recognized for her journalism achievements by the Nevada Broadcaster's Foundation. Katie is excited to tell the stories of local Southern Oregonians and Northern Californians. Feel free to contact her at [email protected]
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