Oregon’s official economic forecast predicts that jobs won’t start returning until 2011.
While some economic improvements may soon be seen, job growth won’t reach prerecession levels again for a few more years.
The state will start seeing glimmers of improvement this fall in home sales and consumer sales, State Economist Tom Potiowsky predicted. But job growth will be one of the last pieces to fall into place in this economic recovery, he said. That’s why he and so many other economists now are talking about a “jobless recovery.”
Potiowsky said he doesn’t expect employment in Oregon to return to prerecession levels until 2013.
Read the full story at The Register-Guard.