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Saturday, November 20, 2004
Portland-area economy turning around
The Oregonian's Gail Kinsey Hill passes along the good news:
Portland-Vancouver area businesses added 7,700 jobs in October, a pace not seen since pre-recession 1999, according to employment reports released Friday.Perhaps this means that there will be a job for if and when I move back to Portland in the future. Lovely.
The Oregon Employment Department also revised the job count upwards for September to 7,000 from a prior estimate of 2,600.
"We're doing better than we have for three to four years," said Amy Vander Vliet, an economist with the employment department.
The October unemployment rate edged down one-tenth of a percentage point to 6.4 percent.
The area's total job count stands at 939,100, a 1 percent gain from year-ago levels.
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