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|Wednesday, October 19, 2011|
Oregon unemployment remained stuck at 9.6% in September as state and local governments cut jobs.
The state's private sector is hiring -- 31,900 workers since September 2010 -- although strong employment growth late last year and early this year has slowed as the economy sputters. But the government sector, suffering from tax revenues diminished by the recession, has shed 7,900 jobs, holding back broader economic recovery.
The opposing trends popped out of the monthly employment report released Tuesday by Oregon officials. The same split is occurring nationally, as local governments shed unprecedented numbers of jobs.
"I'm afraid this will continue at least through the middle of next year," Wells Fargo economist Mark Vitner said. "And folks in the public sector are less prepared to be laid off, so they may be unemployed for a long time."
Shrinking local-government payrolls are just one drag on a precarious national economy that experts believe could reenter recession, given another shock or two.
The economy weathered hits from surging commodity prices and supply disruptions from Japan's tsunami. But Europe's debt crisis, jittery financial markets and reduced federal spending are retarding recovery and could turn south to derail the economy again.
Read more from OregonLive.com.
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In an era dominated by self-promotion and marketing speak, John Bradley, CEO of R&H Construction, is a breath of fresh air.
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As we worked on the October cover, it became evident that Nick Symmonds is a hard man to catch — even when he’s not hotfooting it around a track.
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Eastern Oregon marketers refocus rural assets through an urban lens.
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BY JACOB PALMER | DIGITAL NEWS EDITOR
Several Portland entrepreneurs make appearance in patently silly "The Dream of the Startup is Alive in Oregon" promo.
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BY JASON NORRIS | CFA
Volatility reigned supreme over the summer. The old Wall Street adage of, “Sell in May and go away,” was prophetic in 2015.
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Economic diversity has proven a smart strategy for the Port of Hood River. How can other Oregon communities replicate the model?
Phone, Internet needs of small community school districts earn attention of top-five telecom provider.
Farmland LP grows its vision for organic farming in Oregon.
The Salem Convention Center has capped its tenth anniversary year by earning the prestigious “Best of the Best 2015” award from NW Meetings & Events magazine. Selected as the Best Convention/Conference Venue in Oregon by meeting and event planners from Alaska, British Columbia, Idaho, Oregon and Washington, the Salem Convention Center ranked above the Oregon Convention Center and the Portland Art Museum.
The Oregon Cooperative Hall of Fame honors individuals for their outstanding contributions to the successful building and operation of Oregon agricultural cooperatives.
Health insurer reports $10.2 million in net income after taxes through the first nine months of 2015.