Jobs Watch: The revenue forecast calls for pain

ben-blogThe state’s new revenue forecast is out, and the findings are not pretty: nine consecutive quarters (and counting) of year-over-year job loss, surprisingly poor numbers in the professional services, financial and retail sectors and looming public sector cuts as backlash spreads over government spending. Housing starts are down, retail sales are sluggish and consumer confidence is understandably low. The Oregon job market is not expected to improve significantly until the fourth quarter of 2011.