Greater Portland boasts some of the most productive workers in the country. Output per worker in Portland rivals that of San Francisco and Seattle and surpasses markets like New York City and Los Angeles.
Work output is high in Greater Portland and it is markedly increasing – in fact, statistics show that our work output growth rate outstrips that of peer markets. The Greater Portland area is experiencing an impressive 10.2 percent growth rate in worker output (versus 1.8 percent in Phoenix, 1.6 percent in Seattle, and 1.1 percent in Salt Lake City), which equates to a regional gross domestic product of more than $147 billion.
High output has attracted some of the most sophisticated companies in the world to the region – Intel, Boeing, Precision Cast Parts, Leatherman, and more – to build world-class products here. As a result, while U.S. industry production in electrical equipment declined 5.6 percent from 2007 to 2012, production increased 13 percent in Greater Portland. As national semiconductor production dropped 9.4 percent in that same period, it rose 7.1 percent in Greater Portland.
In addition to a highly productive workforce, the Greater Portland region benefits from the lowest turnover rate of many of our competing regions. This table focuses on software/IT, one of the most competitive markets in the world. Greater Portland's consistent workforce means reduced operational costs, consistent production and customer experience, and improved employee loyalty.