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|Tuesday, March 15, 2011|
By Patrick Emerson
The February numbers are out and Oregon's jobs picture looks much better, though not enough to disabuse me of the belief that though we are indeed in recovery mode, it is still going to be a climb out.
One reason to temper enthusiasm is the terrible catastrophe in Japan, which will not help matters as it is one of the top destinations for our exports and the Port of Portland still handles a number of cars and other goods going to and coming from Japan. Graphs showing Oregon Exports by Country from 1997 to 2010 taken from a post at the Office of Economic Analysis Blog show that Japan remains a crucial trading partner.
Turmoil in the Middle East and the related surge in oil prices is not helping speed the recovery either. So the moral of the story is that things are getting better, but still slowly and we still have a long climb ahead.
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