The Booming Economy

Oregon's economy is once again being shot to shit as high-tech firms cut jobs there:

Unemployment in Oregon currently stands at 5.5 percent, identical to the national level. However, losses in well-paid construction jobs, down 7,500 jobs since June 2007, have been balanced by gains in notoriously lower paying jobs in retail and the leisure and hospitality industry. June was the first month since May of 1996 that Oregon’s unemployment rate was equal to the national rate. In 2003, Oregon led the nation, and exceeded the national rate by 2 percent, with an 8.5 percent unemployment rate.

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