Oregon Unemployment Increases to 11%

I found this article at the registerguard.com, it depicts the jobless rate increase in the state of Oregon, despite many jobs gained in the last month. According to the Employment Department Oregon's jobless rate rose up to 11%, even though there was a net gain of 2,900 non-farm related jobs. Many employers are now only hiring temporary employees to remain cost effective.

Now the total number of Oregonians without jobs was 209,576 in December of 2009. Major industries that suffered job losses include: construction down 1,100 jobs, mining and logging down 700 jobs, and leisure and hospitality down 1,000 jobs. However, major industries that have showed substantial job gains include, educational and health services 2,200 jobs, manufacturing up 1,800 jobs and trade, transportation and utilities up 1,400 jobs.

This article depicts the mixed up mess our economy is in, although it has an optimistic tone. While some new jobs are created other jobs are lost. Analysts believe that overall the net gain of jobs is a greater factor than the total unemployment rate and that the job market "will come around moderately."