Patrick Emerson PhD ,
Oregon Economics Blog
Oregon lost 500 jobs on a seasonally adjusted basis after posting two very solid monthly gains 3,300 in September and 5,600 in August. Government employment continues to drag on the overall recovery with government jobs declining by 1,000. The Oregon unemployment rate fell to 7.7% (there was a loss of over 9,000 from the labor force) which is only slightly above the national rate of 7.3%. So, not much new to say, Oregon has had a sustained recovery for quite a while now but the recovery can’t seem to get out of second gear. The sequester, dysfunctional federal government and continues weakness in Europe are not helping. But at least the trend is upward….