Oregon jobless rate soars to nearly 11 percent

[stevedeshazer]

http://www.katu.com/news/business/41320472.html

SALEM, Ore. (AP) — Grim new jobs numbers show that Oregon's unemployment rate shot up by a full percentage point to 10.8 percent last month, the highest rate since July 1983 and well ahead of the national rate of 8.1 percent.

The February numbers for Oregon showed the state lost 21,700 jobs as Oregon's economy continued to struggle more than most others in the nation.

In its new report, the Oregon Employment Department said all seven of Oregon's largest private-sector industry sectors shed jobs, led by a loss of 4,900 manufacturing jobs.

Overall, Oregon's unemployment rate translated to 236,286 Oregonians on the jobless rolls last month. That compares with 211,286 in January, and 115,714 unemployed a year earlier.

The employment agency said Oregon's unemployment rate has risen rapidly over the past eight months, from a rate of 5.9 percent last June to double-digits in the latest estimate. Meanwhile, the national jobless rate rose from 7.6 percent in January to last month's 8.1 percent mark.

[bkkyosemite]

1. Yeh and I heard on CNN they just mention CA as being 10% and I said to myself they didn't mention us

here in OR...and I think now we may be higher than CA but not sure.

[louis-t]

2. Over 11% in MI. Every time I think of that nitwit

Romney coming to my state talking about the "one state recession" I want to put my fist through a wall.