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Tuesday, November 14, 2006

The economy - no worries?

Oregon jobs: tied for 5th worst in nation

The U.S. Dept. of Labor released its unemployment statistics for September. Points of interest:

Oregon's unemployment rate tied for 5th highest among the states in September, at 5.4%.

260 metropolitian areas in the U.S. had lower jobless rates than Portland and Salem, which both ranked in the 29th percentile. Other percentile rankings - worse: Eugene - 23rd; better: Medford - 34th, Corvallis - 47th, Bend - 67th.

Oregon's jobless rate was 23% higher than the national average of 4.4%.

Oregon's best-ever recorded rate was 4.7% in April 1995.

Compared to the most productive states, Oregon boasts an unemployment rate about 100% higher.

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