Monday, April 13, 2009

Horrendous

Oregon March Unemployment at 12.1%. This crushes my (I thought) pessimistic estimate of 11.5% and is truly shocking. All along I had a hope that we would remain under the peak of the 12.1% unemployment we saw in November of 1982. Nope. And there is every reason to expect this to continue to worsen through the bulk of the remainer of this year.

2 comments:

Ken The Latest News said...
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Ken The Latest News said...

How high will it go? It seems like complete collaspe from all sectors?