Oregon has regained nearly three-quarters of the jobs the state lost in the pandemic’s early days. The state’s unemployment rate has plunged from a record 13.2% in April 2020 to under 5% last month.
Economists forecast the state will have regained all the lost jobs by the end of next summer, just over two years from the start of the COVID-19 recession. That’s an extraordinary recovery. By comparison, it took about seven years for Oregon to regain all the jobs lost to the Great Recession – even though the total job loss was much smaller.
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