Oregon's Unemployment Rate Doubles in Less Than 1 Year

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The Portland Business Journal reports that Oregon's Unemployment Rate in March 2009 reached 12.1%---Which is more than double the 5.7% unemployment rate seen in Oregon back in March 2008.

As of February, 2009---Oregon had the 3rd worst unemployment rate (behind Michigan and South Carolina)--and the March unemployment statistics by state are just starting to trickle in... And the situation in Oregon is significantly worse than the US average (where unemployment was at 8.5% in March).