Oregon's economic recovery slows

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Wednesday, March 21, 2012

Oregon employers hired less workers than usual in February, slowing the state's rocky economic recovery.

On a seasonally adjusted basis, the state actually shed more than 6,000 jobs in the month, while the unemployment rate stayed at 8.8 percent -- 13th highest in the nation. Construction and retailing contributed greatly to the losses.
Normally in February, Oregon employers would add about 13,000 to payrolls, according to the Employment Department's statistics. Overall, they added only about half that amount. The result, on a seasonally adjusted basis, is a loss of 6,400 jobs. "The large losses were surprising," said the state's labor economist, Nick Beleiciks.

Read more at KGW.

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