Oregon's unemployment rate hits 9.9% or 214,809 out of work in January and could hit as high as 10-12% by the end of 2012 according to employment department economist Art Ayre.
Oregon does tend to fall deeper into recession and climb out more quickly than the rest of the nation... Oregon is still relatively small and rural, lacking the corporate headquarters and major national service centers that tend to concentrate in urban areas and offer more stable employment. Ayre said.Oregon hit it's highest unemployment of 10% in January 1984.
... and there is a reason why Oregon is lacking in corporate headquarters and service centers.
Right Teddy?
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