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|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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A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
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CFM Strategic Communications turns 25 this year and is celebrating with a revamped website, special events for firm alumni and clients, a special-label wine and a list of 25 stories about its client work over the past quarter century.