Quote:
Originally Posted by downtownpdx
Didn’t realize Portland’s losses were that high, unemployment is a little above national rate but still just about 5.5%. Two of the area’s largest employers, Intel and Nike, have gone through significant layoffs recently. Although Intel stock has suddenly hit record highs as it appears to finally be getting in on the ai boom .. so perhaps that will translate into some job recovery.
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I find the story of the Portland metro to be one of the most fascinating. In the 2010s, it really seemed like the city was unstoppable at the time. Really surprising it's one of the few places that is still below their 2020 pre-pandemic job totals.
Outside of Wall Street, the northeast is stalled.
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