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Oregon's Unemployment rates rise

http://oregonecon.blogspot.com

700,000 was the number I was expecting in terms of job losses, so 651,000 is better than I expected, but still absolutely horrible. US unemployment at 8.1% - given this, I would not be surprised to see Oregon's February unemployment at about 10.8%.

This is scary, scary stuff. The point is that we need not only to reverse the job losses to start seeing unemployment go down, but to actually start creating a substantial number of new jobs, and we are so far away from that it is hard to see when we will reverse the downward trend in unemployment.

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Created by divyas 2 years 49 weeks ago
Category: News   Tags: