Home Must Reads Portland unemployment drops to 8.6 percent

Portland unemployment drops to 8.6 percent

| Print |  Email
Must Reads
Thursday, January 26, 2012

Portland-area unemployment fell to 8.6% in December, the lowest level in three years.

Over the year, metro-area employers added 14,200 jobs for a gain of 1.5 percent. That increase exceeds 1.1 percent job growth for Oregon as a whole. Many rural counties remain mired in double-digit unemployment. 
Amy Vander Vliet, an Oregon Employment Department economist in Portland, said the numbers released Wednesday were encouraging, but not enough to portend job growth of 2,000 to 3,000 a month from here on out. 
"I still don't feel we have a firm foundation or enough momentum to look forward and think we're going to see consistent job growth," Vander Vliet said. "I still think it's going to be uncertain and erratic" as Europe's financial crisis plays out and as growth slows in Asian markets.

Read more at OregonLive.com.

{biztweet}portland unemployment{/biztweet}

 

 

More Articles

Two Sides of the Coin

Contributed Blogs
Wednesday, October 22, 2014
22 twosidesBY JASON NORRIS

Historically, when the leaves fall, so do the markets. This year, earnings, Europe, energy and Ebola have in common? Beyond alliteration, they are four factors that the investors are pointing to for this year’s seasonal volatility.


Read more...

Fly Zone

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

The black soldier fly’s larvae are among the most ravenous and least picky eaters on earth.


Read more...

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


Read more...

Water World

November/December 2014
Wednesday, October 22, 2014
BY KIM MOORE

Fred Ziari aims to feed the global population.


Read more...

Innovation: a critique

News
Wednesday, October 08, 2014
1008 innovation thumbBY LINDA BAKER | OB EDITOR

A Design Week panel discussion raises questions about how innovative we really are.


Read more...

Podcast: Turn Things Around with David Marquet

Contributed Blogs
Friday, October 17, 2014
davidmarquet thumbBY TOM COX | OB BLOGGER

How can you move from a command-and-control leadership model to one of true empowerment and accountability? David Marquet did, and he took notes along the way.


Read more...

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS