Portland has outpaced Detroit in its jobless rate. But why are the cities so similar?
The Portland metro area jobless rate jumped more in a year than any other U.S. urban area, outdoing even Detroit. How can the economy affect two different places so similarly?
What is it about Detroit and Portland, and Michigan and Oregon, the No. 1 and No. 2 states in the nation for unemployment….
Oregon and Michigan have a common trait, economists say, that hurts during the current recession: both rely heavily on manufacturing durable goods. These are things like cars, in the Midwest, and recreational vehicles, machinery, lumber and computer chips in Oregon.
Read the full article at Oregonlive.com.
