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.