Wednesday, May 27, 2009
Portland's jobless rate increased 1.1 percentage points from March to April, inching past Oregon's overall rate of 12.0%.
For the first time since the tech bust, the Portland area's unemployment rate exceeded that of Oregon as a whole, albeit by a hair at 12.1 percent in April.
The development flies in the face of conventional economics, which suggests that urban areas outperform rural regions during recessions. Cities tend to have more diverse economies and populations that continue needing services and support, as opposed to towns that empty when mills close.
Read the full article at Oregonlive.com.