Oregon Unemployment reaches nearly 10%

March 9th, 2009 - 9:58 pm ICT by GD  

More and more people are applying for unemployment benefits as the rate of unemployment increase alarmingly for the first time since the 1980s. According to reports it hit 9.9 per cent in January and continues to rise.

The graph that tracks Oregon’s seasonally adjusted rate of unemployment has been soaring for the last couple of weeks and State economist Art Ayre is of the opinion that over the last six months people in Oregon have lost on an average over 9000 jobs every month. The seasonally adjusted unemployment rates in Deschutes County rose to 12 percent and 14.9 percent in Crook County.

He said, “Oregon has been hit harder than the nation over the last year. Our decline was 3.6 percent, the nation’s was 2.5 percent in total non-farm payroll employment.” He also added that too many people have moved to Oregon in the last couple of months without a job and in the face of this burgeoning population the numbers have begun to look worse than they could have been.

Another reason for the dismal numbers is that a number of people who had not looked for jobs earlier are looking for new jobs now because the economy has been too badly hit and the market is at an all-time low meaning more and more people will need jobs to counter the economic pressures.

There have been some marginal increase in jobs recently as the education and health services sector went on to add 2100 vacant positions earlier.

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