Unemployment at bottom?

Oregon’s unemployment rate remains flat at 10.5% with some sectors seeing recovery.

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Oregon’s unemployment rate in February held steady at 10.5%, and one economist sees it as a turning point for the state’s recovery.

Retail and exports are up, with stabilization in professional and business services and other industries.

February’s figures aren’t spectacular. But they’re far preferable to free fall — and better than Washington state, which saw unemployment increase to 9.5 percent with a loss of 8,300 jobs last month…

…Oregon officials highlighted a drop in initial unemployment claims last month and a rapid increase in job openings. Monthly job losses have declined dramatically, [state labor economist Amy Vander Vliet] said, from an average 5,200 last summer to about 800 during the past three months.

Read the full story at OregonLive.com.

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