"The twin forces of inventory correction and fiscal stimulus waned in 2010, and subsequent growth has been insufficient to generate a rapid reversal of the labor market losses experienced in 2008 and 2009. "
Good signs, but...
Among the UO Index components:
- Initial unemployment claims fell sharply, to their lowest levels since March.
- Employment services payrolls rose slightly.
- Residential building permits were largely unchanged.
- The index's measure of trucking activity edged up.

For more details, you can read the full release. Older issues and indexes for Lane County, Portland, and Central Oregon are also available.
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