Oregon August Unemployment: Stuck at 10.6%

Oregon's unemployment situation was little changed in August - the official unemployment rate remains at 10.6 percent for another month - leaving it essentially the same for almost a year.  But the depressing news was in the payroll report where the state lost another 1,500 jobs (700 of which were government jobs from the shedding of Census workers).

Given that the federal report showed 67,000 new private sector job, there was hope that we would see a positive number in Oregon, but alas, it was not to be.

This, along with slumping leading indicators, suggests it is still a long way out the woods for the state.