Oregon Unemployment Rate Nears 10 Percent
Portland, OR February 26, 2009 11:40 a.m.
Unemployment in Oregon is rising at its fastest rate since the early 1980’s. As Kristian Foden-Vencil reports, it hit 9.9 percent in January and looks like it will continue increasing.
The graph tracking Oregon’s seasonally adjusted unemployment rate looks like it’s shooting through a roof.
State economist, Art Ayre, says that over the last six months, Oregon has lost an average of 9000 jobs a month.
Art Ayre: “Oregon has been hit harder than the nation over the last year. Our decline was 3.6 percent, the nation’s was 2.5 percent in total non-farm payroll employment.”
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Ayre says the numbers look worse because people continue to move to Oregon without jobs.
And, he says, other people -- who perhaps weren’t looking for work last year -- are now in the market because of the poor economy.
There were some job increases, however.
The educational and health services sectors added 2100 positions in January.
© 2009 OPB
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