|| Print ||
|Thursday, November 05, 2009|
It really doesn’t matter if the GDP, the local economist, the national pundits or your barber is telling you the recession is over. Most of you don’t think it is. In our latest poll, over 60% of the respondents said they don’t believe the recession is over.
"I think the recession is over," UO economist Tim Duy told the Oregonian this week, while “gazing past his young daughter … into sparkling waves off Hawaii.”
Nice work if you can get it, but many Oregonians can’t find a job and the state’s unemployment is among the highest in the nation. Duy and others also like to call this a jobless recovery.
Some think it cannot be a recovery until jobs return.
Ed Ray, OSU president and an economist, wrote in an opinion piece: “Recovery appears to be taking hold. But then came news that by now must seem familiar to many Oregonians, who have heard it many times following periods of economic difficulty: Oregon's portion of the recovery will take a while. And don't expect many jobs to accompany it… Why?”
Oregonians aren’t the only ones to feel the recession hasn’t receded.
The International labor Organization this week questioned whether the recession was really over since wages continued to drop. In a statement issued Tuesday, the ILO said real wages worldwide declined for a second year in a row. The ILO said it expected wages to slide even further in 2009. In the first quarter of the year alone, real monthly wages sagged in half of the 35 countries that submitted data, compared to their average in 2008.
Summed up Chicago Sun-Times columnist Terry Savage recently: “The American public is starting to get more than mildly annoyed at those who tell them the economy is bouncing back.”
|A Good Leap Forward|
|A Taste of Heaven|
|Fast Food Slows Down|
|Tight and Loose|
|Startup or Grow Up?|
|UPS Store to offer 3D-printing|
|First-weekend sales of iPhone 6 tops 10M|
|Climate march draws 300,000 in NYC|
|Alibaba largest stock offering ever|
|PBR sold to Russian beverage company|
|Scotland votes to stay in United Kingdom|
|Scotland vote on independence begins|
Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
First Call Resolution targets employee well-being and client satisfaction.
How six leading foundations are working together for a better Oregon.
Vigilant enters a New Year with a new president.
The Oregon Entrepreneurs Network (OEN) is pleased to announce 12 finalists—from a record number of 67 nominees—for the 2014 OEN Tom Holce Entrepreneurship Awards
The Oregon Entrepreneurs Network (OEN) is pleased to announce three finalists for the inaugural OEN Game Changer Award.