Recovery sees signs of growth concern

first_imgJanuaryClark College explores options for north county campus.Kaiser says it will switch from PeaceHealth to Legacy for local hospital services.Riverview’s second-quarter earnings give bank a boost.FebruaryRumors of new fab at WaferTech site stir up Camas.Nike considered expansion at former Hewlett-Packard campus, documents show.United Grain Corp. locks out ILWU members on sabotage accusation.MarchHewlett-Packard printer designed in Camas wins strong reviews.Housing market shows signs of strong recovery.Clark County’s jobs recovery shows strength.This year’s first quarter showed more signs of a quickening economic recovery in Clark County, but also some worries about those being left behind by slow job growth and stagnant or declining wages.Home sales rose dramatically, as did median housing prices, giving a boost to a key industry in the county. Construction of single-family homes climbed by 45 percent and the number of permits for apartments quadrupled to 403 apartment units in the year’s first quarter, compared to 90 in the same period one year ago.But single-family residential permits are well below their high marks of the pre-recession decade of 1997-2006, and foreclosures nearly doubled in the quarter compared to a year ago as banks moved more quickly against homeowners far behind on their mortgage payments.There were positive signs on the jobs front, with the county adding a net of 2,500 jobs for the year, through February. But that number also carries a caveat: in the past three years, Clark County has recovered less than half the jobs lost during the recession.There were some unusual developments beyond those standard economic indicators. At the Port of Vancouver, United Grain Corp. locked out some 44 union workers on Feb. 27. The company said it initiated a lockout, which followed a long period of tense contract negotiations, after a union member sabotaged company equipment. The union has denied the charge. The Vancouver Police Department investigated the allegation and has turned over its report to the county Prosecuting Attorney’s office, which is considering whether to bring charges.last_img

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