Jobless rate stalls

| Print |  Email
Must Reads
Tuesday, May 22, 2012

Portland-area job gains pushed the unemployment rate below 8% for the first time since November 2008, but the slight drop is within the margin of error.

Employers added 4,100 jobs last month, for a net gain of only 500 after accounting for March cuts.

"The ups and the downs, I guess I've learned to expect that," Portland-region economist Amy Vander Vliet said. "Especially in this recovery, where there's no strong apparent indicator of growth. We haven't built up any momentum yet."

In all, the Portland area has added 10,800 jobs between April 2011 and April 2012, pushing down the unemployment rate from 9.2 percent to 7.9 percent. It's the biggest drop of any region in the state, in part because of size, diversity and industry mix, Vander Vliet said.

Read more at OregonLive.com.

{biztweet}oregon unemployment{/biztweet}

 

More Articles

Legislative Preview: A Shifting Balance

January-Powerbook 2015
Thursday, December 11, 2014
BY APRIL STREETER

Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.


Read more...

Light Moves

February 2015
Monday, January 26, 2015
BY JACOB PALMER

Fittingly, Light at Play — a business whose sole purpose is to create mesmerizing ambience — was conceived at Burning Man.


Read more...

Which Way to Chinatown?

February 2015
Monday, January 26, 2015
BY AMY MILSHTEIN | PHOTOS BY JASON E. KAPLAN

The Jade International District, already Portland's center of Asian life, is poised for rejuvenation. Where does that leave the westside's historic Chinatown?


Read more...

Dan and Louis Oyster Bar opens up to a changing neighborhood

The Latest
Thursday, December 11, 2014
121114-oystervidBy MEGHAN NOLT

VIDEO: Revamping a Classic — an iconic eatery stays relevant in a changing marketplace.


Read more...

Editor's Letter: Power Play

January-Powerbook 2015
Thursday, December 11, 2014

There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation.


Read more...

A legislative preview — and celebration

News
Friday, January 23, 2015
012315-speaker-thumbBY LINDA BAKER | OB EDITOR

The Northwest Environmental Business Council previews the 2015 legislative agenda as Hatch Oregon celebrates Oregon's new community crowdfunding rules.


Read more...

Tweeting Portland's State of the City address

News
Friday, January 30, 2015
Screen Shot 2015-01-30 at 3.08.19 PMBY JACOB PALMER | OB DIGITAL NEWS EDITOR

For those who were working, here are a few highlights of Charlie Hales' State of the City address.


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