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Sunday, February 11, 2007

Joblessness December 2006

Oregon now 6th worst in nation
Official concern fizzles, joblessness sizzles

The U.S. Dept. of Labor released its seasonally-adjusted unemployment statistics for December. Points of interest:

In October, 3 other states were tied with Oregon as 7th worst. In November, Oregon stood alone as the 7th worst. In December, Oregon deteriorated to 6th worst jobless rate among the states, at 5.4%.

Although the national unemployment rate was unchanged from November, Oregon's increased .1%.

240 metropolitian areas in the U.S. had lower employment rates than Portland, which ranked 6th worst among the largest 49 cities (-). Other percentile rankings - Salem 19th (-); Eugene, 24th (-); Medford, 24th (-); Bend, 43rd (-); Corvallis, 58th (Note: +/- indicates rank change.)

Oregon's December jobless rate was 20% higher than the national average of 4.5%. Compared to the most productive states, Oregon boasts an unemployment rate about 80% higher.

Chronic underperformance:
Oregon's lowest-ever recorded jobless rate was 4.7% in April 1995.

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