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Sunday, November 28, 2004
Oregon's economy stalling?
So sayeth The Oregonian's Ted Sickinger:
Oregon's economic recovery, accelerating earlier this year, appears to have stalled.There's much more in this interesting article that gives the entire picture of Oregon's economy. It's up, it's down, but it's not really going anywhere.
The question now, heading into holiday retail prime time, is whether the recovery will plow through the doldrums and regain momentum, or whether the state will fall back into stagnation or another string of job losses.
Most regional economists are optimistic.
The tea leaves they read have been telling a positive story for much of the year. Businesses have sold more and exported more, and they have spent more beefing up plants, offices and personnel. Most importantly, since statewide employment bottomed out in June 2003, Oregon has regained two-thirds of the jobs lost during the recession. Along the way, it has registered some of the strongest job growth in the nation, regularly placing in the top 10 among states in year-over-year employment ngingains.
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