Oregon's unemployment rate was essentially unchanged in January -- at 10.7 percent.
As Kristian Foden-Vencil reports, it's been hanging in the high 10 percent range for four months now, showing that economists were correct to predict a slow rebound.
While 10.7 percent is high, most of the major industries preformed in line with typical seasonal patterns in January. Compared to last year, when there was talk of a second great depression, a return to a predictable pattern is welcome news. State economist David Cooke says while the unemployment rate remained unchanged, there was a tiny increase of 1,100 jobs.
David Cooke: "This was the first seasonally adjusted monthly job gain since February 2008."
The state also released revised figures for the whole of 2009. They showed that unemployment peaked a little lower than first reported, at 11.6 percent instead of 12.2. [Krisitan Foden-Vencil, OPB News.]
As Kristian Foden-Vencil reports, it's been hanging in the high 10 percent range for four months now, showing that economists were correct to predict a slow rebound.
While 10.7 percent is high, most of the major industries preformed in line with typical seasonal patterns in January. Compared to last year, when there was talk of a second great depression, a return to a predictable pattern is welcome news. State economist David Cooke says while the unemployment rate remained unchanged, there was a tiny increase of 1,100 jobs.
David Cooke: "This was the first seasonally adjusted monthly job gain since February 2008."
The state also released revised figures for the whole of 2009. They showed that unemployment peaked a little lower than first reported, at 11.6 percent instead of 12.2. [Krisitan Foden-Vencil, OPB News.]
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