Tuesday, June 15, 2010

Oregon May Unemployment Stuck at 10.6%

The unemployment rate was flat and so were jobs.  The number of seasonally adjusted jobs added in May: 0.  Oy.

In a word: depressing.  This is beginning to look like what some call a U shaped recession which essentially means being stuck for an extended period in the trough.  And stuck we appear to be.

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