Oregon Unemployment Still High in January: 10.4%
Some good news from Salem this morning, Oregon's unemployment rate fell to 10.4% in January. Not really a significant change, but the better news is the robust job growth. On a seasonally adjusted basis, 6,300 jobs were added in January, almost all of it private sector growth, after a revised 4,000 jobs added in December. This is progress. But before we get too giddy, here is a buzzkil:
We have only just begun to climb out of the hole the recession created. It is going to be a long slow climb...