Oregon's unemployment rate for May made it to the highest level since 1976 according to the Oregon employment Department on Monday, which places it in range to challenge Michigan's standing as #1.
However, if marginally attached workers were included, Oregon's rate would be 14.2% according to the state employment estimates.
State economic forecasters expect continued job losses through the first quarter of next year.
it looks like we've lost the ball could've the jobs were going to lose." Said Art Ayre, a state labor economist
We need more money!
Raise more taxes!
We need more money!
Raise more taxes!
Damn the jobs and unemployed, full speed ahead!
meanwhile back in Salem...
State legislator #1: Our state is in a severe budget crisis, what are we going to do?
I have got [pet] projects that I want funded, however, my constituents are constantly bugging about less exciting stuff like jobs, police protection and road repair, etc..
State legislator #2: We'll just find more creative ways to raise taxes and fees.
State legislator #1: How? Businesses are leaving the state and unemployment is at an all-time high.
State legislator #2: Nah! Don't believe everything that you read in the papers. I know those peasants, er,I mean citizens out there are just holding money back from us. After all, were still not the worst state in the nation, Michigan still holds that title.
State legislator #1: My god you're right! There still may be money out their to solve our budget woes. However, where would it come from? Who would it come from? We've tax about everything else except for air.
State legislator #2: There you're wrong! Haven't you heard the current trend is "Green"? Jump on the bandwagon man, Everything has a carbon footprint, so we tax the carbon footprint.
State legislator #3: In that case, it is a good thing that the "carbon tax" does not apply to us. There is enough carbon generated in these meetings alone to fully fund the state!
2 comments:
I spoke with an associate today who told me the story of a young man who used to be employed by a local bank, that left this job to work in the woods, only to find himself out of a job due to company wide layoffs (Weyerhauser).
He's now working part-time at three jobs to pay his bills.
This young man is definately underemployed, but working. Great economy we're building, huh?
.
reminds me of a Saturday Night Live skit where they were bashing one of the president's economic policy.
"The country is in great shape. People are complaining that there are not any jobs available, in fact there are plenty of jobs. Heck, some people have two or three."
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