We’re #5! We’re #5!
The hardest states to find full-time work
By Thomas C. Frohlich, finance.yahoo.com/news
…The traditional unemployment rate does not include all jobless individuals, nor is it a percentage of all the people available for work…To account for people left out of the calculation, the Bureau of Labor Statistics (BLS) provides alternative measures of labor underutilization.
The underemployment rate, also known as U-6, includes the standard unemployed population as well as marginally attached workers and persons employed part-time for economic reasons…
To determine the states where it is hardest to find full-time work, 24/7 Wall St. examined average underemployment rates for the 12 months through the second quarter of this year measured by the BLS…
These are the states where it is hardest to find full-time work.
10. Rhode Island…
9. Georgia…
8. Michigan…
7. South Carolina…
6. Mississippi…
5. Oregon
> Underemployment rate:12.8%
> June unemployment rate:5.5% (tied-20th highest)
> GDP growth 2007-2014: 15.3% (3rd largest growth)
> Labor force growth 2007-2014: 1.1% (21st largest decline)…
We Respond & Your Comments
We hope you’re as flummoxed by this as we are. How on Earth can it be harder to find a job in this wonderful state than in 45 others?
Here’s some of what we have in Oregon:
- Fine universities
- Educated work force
- Two deep water harbors
- Mild weather
- High tech sector
- Natural resources
- Viable transportation system
So what’s wrong? What’s holding us back? Herewith a few possibilities:
- Tax structure that discourages risk taking
- Environmental extremism
- Urban growth boundaries that artificially inflate housing prices
- Decades of single party governance
- Add your ideas below
Every one of these obstacles to job creation can be changed so that the dormant potential of this great state can be turned loose to make Oregon the economic powerhouse it should be – and make our state the #1 place in America to find a job.
Print this and read it again whenever you vote.
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