Economic Recovery Slow To Come To Oregon

PORTLAND, Ore. — Oregon State Economist Josh Lehner spoke before the Westside Economic Alliance on Thursday morning.  He believes we can expect to see a spike in unemployment next week from today’s 14%.  By the week of June 22nd, a gradual turnaround should begin.

“With COVID-19 we went off a  financial cliff overnight,” said Lehner.  He added: “It will take several years to be what we call normal.  The reopening of Multnomah County for Phase 1 will help.”

He comments further that the worst is over.