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Oregon's high misery rate

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High Five
Thursday, August 13, 2009

The usual unemployment numbers may not be accurate in providing the state's true suffering rate: New calculations put Oregon as the worst in the nation for underutilized workers.

If you really want to know how much people are suffering, economist Andrew Sum says, check out Oregon’s labor underutilization rate. That number combines the unemployed with two other categories of workers who don’t make it into the official unemployment rate – underemployed workers who want full-time work but can only find part-time jobs, and unemployed people who say they want work but have given up looking.

Combining those two categories with the state’s official unemployment rate brings Oregon’s rate up to 23.8 percent for the first six months of 2009, and over 24 percent for the past three months. That’s the worst in the nation, according to the center’s data, and it means nearly one in every four work-ready Oregonians is struggling to get by, an unprecedented number in post-depression America.

Read the full story at the Portland Tribune.

 

Comments   

 
Charlie Tragesser
0 #1 Charlie Tragesser 2009-08-13 12:04:41
Our government, at all levels, continues to raise taxes on the small businesses that hire the majority of workers in Oregon. It should not be a surprise to anyone that the unemployment rate is skyrocketing. How many more businesses do we need to run off with these tax increases before we wake up to reality of the cause of the problem?
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Thomas Collet
0 #2 Is Oregon Open For Business?Thomas Collet 2009-09-06 20:42:43
It appears that state government in Oregon is sending the business community the message that we don't need no stinkin' jobs.

The proposed tax increases proposed by the legislature do not want the public to vote are would raise Oregon's state income tax rate to a level second only to Hawaii.

Why would anyone want to expand their Oregon operations or bring a new business here?
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