Oregon has a four-year wait for jobs to reach 2008 level, state economist says

Oregon will have to wait until 2015 to regain the number of jobs it had at the pre-recession peak, state government’s chief economist predicted Friday.

That’s how long — seven years, from peak to trough and back again — it took the state during the 1980s, Tom Potiowsky told City Club of Portland members Friday. The 1980-82 recession actually hit Oregon harder than the recent so-called great recession, he said, but the recovery will take just as long this time.

By Richard Read, The Oregonian

Full Story: http://www.oregonlive.com/business/index.ssf/2011/01/a_slow_recovery_underway_for_o.html