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Tuesday, November 28, 2006

Oregon joblessness October 2006

Tied for 7th worst in nation

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

Oregon's unemployment rate tied for 7th highest among the states in October, at 5.1%.

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 - Eugene, 23rd; Medford, 34th; Corvallis, 47th; Bend, 69th (+) (Note: +/- indicates rank change.)

Oregon's October jobless rate was 16% 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 75% higher.

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