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Tuesday, March 13, 2007

Joblessness January 2007

Oregon ranking on jobs: 43rd in the nation
Officials continue to focus on increasing taxes, fees, government spending

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

Oregon's jobless rate declined by .1% from December to 5.2%, but still ranked among the poorest-performing states in the nation.

241 metropolitian areas in the U.S. had lower employment rates than Portland in January, which remained 6th worst among the largest 49 cities, behind only Detroit, Cleveland, Memphis, Providence, and Cincinnati.

Oregon's January jobless rate was about 20% higher than the national average of 4.5%. Compared to the most productive states, Oregon boasts an unemployment rate about 100% higher.

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

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