More than half of the respondents in this week’s poll bring a bit of good economic news: they say that their company is holding steady against the hard winds of the downturn and some of them even plan to hire.
Just a small percentage say that they are gearing up to fire workers, which may be proof that the reports that we’ve reached bottom are true.
According to the Associated Press, companies are laying off fewer workers as the U.S. economy shows consistent signs that the recession is over. The Federal Reserve said this week that 11 of its 12 regional banks reported the economy is stabilizing, an improvement from previous reports.
Still, the employment picture in Oregon isn’t pretty. About 3,000 jobless Oregonians have reached the final extensions on their unemployment benefits. Oregon’s unemployment rate was 11.9 percent in July, and has been close to 12 percent over the past five months.
The latest report from the labor department adds to a deepening consensus that, even as the economy resumes expansion, the recovery was likely to be weak, prompting most companies to hold back from aggressive hiring, meaning it will be a jobless recovery.
But at least there are a few Oregon companies out there bucking the trend.