|Oregon's falling jobless rate actually a bad sign||| Print ||
|Wednesday, December 14, 2011|
Oregon's unemployment rate has dropped to its lowest level in three years, but some economists say that is actually a bad sign, as it means people have given up looking for work.
Oregon shed its 9.5 percent jobless rate in November after several months stuck in that range. But the state also lost something else last month: 1,600 jobs, seasonally adjusted, following a revised loss of 600 in October. Payroll employment in Oregon has remained lodged at just above 1.62 million since February.
Patrick Emerson, an Oregon State University economist, sees the state's falling jobless rate as a negative.
"The unemployment rate going down, in this case, is actually a bad sign," Emerson said. "It's very similar to the picture nationally, which is that the unemployment rate is dropping, but it's largely due to people leaving the market rather than new jobs appearing in the market."
Read more at OregonLive.com.
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Oregon Business magazine's 5th annual
100 Best Green Companies to Work For in Oregon
Wednesday, May 29, 2013
From Oregon Translational Research and Development Institute: OTRADI today announced its plans to open and operate a 13,000 square-foot multi-tenant bioscience complex in the Willamette Wharf building at 4640 SW Macadam Avenue. Slated to be complete in spring 2013, the OTRADI Bioscience Incubator (OBI) will house up to six companies.
MEDIAmerica, publisher of Oregon Business and Oregon Home magazines, announces a new retail website: HalfOffOregon.com. The website offers lodging, dining, recreation and many other items at half off their regular cost.
As you probably know by now, The Vernon Company is a national leader in the promotional products industry with annual sales of over $60 million. We are a family owned business, led by the fourth generation of the Vernon family.