Oregon Nesties
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The latest unemployment rankings
Oregon has now surpassed Michigan and is #1 in unemployment.
Our unemployment rate is 12.4
Re: The latest unemployment rankings
Depressing I have 4 close girlfriends that have been laid off in the last 6 months or so... it's so scary.
Newbie- when do you think it will start to get better again?
Learning to start all over again... Blog
Well, in my own personal experience, the mortgage industry. I got laid off twice last year when I was in the mortgage industry, along with two other friends, D and T. D just got laid off again in November of last year, and T just gotlaid off again this month. Also, both of their husbands are out of work. My other friend A was working for another big bank and lost her job in March.
There are a lot of manufacturing jobs that have been lost here in the last year. My company laid off 1/3 of our employees last December, and several more in January. Factory workers, forklift drivers, steel mill workers, etc.
One of the reasons Oregon's unemployment is so high is because we have so few companies located here. We have a higher unemployment rate than most states even when the economy is good.
The majority of Oregon's employers are small businesses and when the economy tanks, many go out of business. In addition, the only Fortune 500 company headquartered here, Nike, just laid off a lot of people. Other companies, not headquartered here, are moving their business elsewhere (Freightliner is a good example). If you don't get moved, you're unemployed.
Oregon's original industries (wood products, fishing, etc) are hindered by environmental restraints and depletion of resources. There are families who, for generations, have relied on logging, fishing, crabbing and the like. When those options are unavailable, much like auto workers, they become unemployed.
I'd guess our unemployment rate is much higher than 12.4 simply because our employment problems have been going on for years now. Anyone that's been out of work that long, has long since dropped off the unemployment rolls since they don't track you once you are ineligible for unemployment. Underemployment isn't tracked at all and that's a big problem here too. Ask around at some of the restaurants & retail establishments, ask who has a degree, Master's or even PhD. It's a surprisingly high number. If you can't find a job doing what you trained to, you've got to make money somehow.
That's a great answer to my question! I knew Oregon always had an issue with unemployment rates, so I guess it makes sense that they continue to grow. The underemployment thing is interesting, too. I mean, its great to have an educated population but what good is it when those people aren't given the chance to work up to their abillity?
Learning to start all over again... Blog