The state’s job-loss rate makes an unexpected rise while the nation continues to improve.
Oregon’s job-loss rate reached 4,600 in November while the rest of the nation continues to show signs of improvement.
Economists were surprised and disappointed with the new figures, which seem to indicate a longer and tougher recovery for Oregon.
The seasonally adjusted job cut occurred the same month that national losses improved, showing that Oregon continues taking the economic slowdown harder than the nation. The state’s unemployment rate remained essentially flat in November at 11.1 percent, well above the nation’s 10 percent level.
Oregon’s jobless rate would be substantially higher if many job seekers weren’t giving up, dropping out of the civilian labor force and becoming no longer officially unemployed, said Tim Duy, a University of Oregon economist.
Read the full story at OregonLive.com.
{biztweet}Oregon job loss{/biztweet}
