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Behind the Bend bust

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High Five
Thursday, June 18, 2009

Californians moved to Bend expecting financial goodness from selling their expensive property. That was during Bend's boom, but now those residents have hit hard times. Some are even adding to Oregon's economic struggle.

While some other states with high unemployment, including Michigan, have seen their labor forces shrink, Oregon’s labor force has grown. Economists say some of the growth appears to be driven by people who moved here with money they made in California, whether from real estate or stock market investments, and expected to get by but now must look for work.

Read the full story in The New York Times.

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