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Still No Job Recovery

Issue Brief
November 21, 2003 Download PDF

“Jobs Gap” Shows Economic News Still Not Good Enough

State-level data for October released today show that unemployment rates declined in 36 states and employment grew in 35, including Oregon. This news, along with other recent economic news, does not mean there has been a recovery in the labor market. The low levels of job growth in recent months have failed to absorb growth in the working-age population, let alone replace the jobs lost due to the recession. Nationally and in Oregon there is still a large “gap” between jobs and the number of people needing jobs. The recent improvements in the job market are still not enough to declare a labor market recovery.

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