|| 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.”
|The 100 Best Nonprofits to Work for in Oregon 2014|
|A Recipe for Success|
|Uber considers flu shot delivery service|
|P&G plans to exit Duracell|
|Target to offer free holiday shipping|
|Caterpillar gains after raising forecast|
|Dow Chemical profit up 44%|
|Boeing profit jumps 18%|
|Verizon posts higher Q3 revenue|
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.
Finding a health insurance plan that makes both financial sense for the bottom line and provides choice for plan participants is a huge challenge for employers.
The right financing at the right time is critical for small businesses to succeed.
Among Oregon universities, Oregon Tech is special in the way it incorporates applied research into the curricula of every department.
More than 400 "Change Makers" will gather to invest in a socially sustainable community.