Strike that last blog — the one where I drank the Kool-Aid and waxed optimistic about the coming turnaround. The new unemployment numbers are out.
By now, you have no doubt heard that Oregon's jobless rate is the highest it's been since the state began stacking unemployment consistently in 1976. You may also have heard that the job losses in May weren't as bad as was expected, with surprising signs of life in construction (up 1,700 jobs over April) and leisure and hospitality (up 4,900 jobs over April). Does that mean we're on the verge of bouncing back?
Wouldn't it be pretty to think so. Construction and tourism are inherently seasonal, and summer has come to Oregon at last. It's nice to see the new hires, but how do the numbers compare to a year ago?