Oregon's Labor Force during the Great Recession
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Date
2014-06
Authors
Cooper, Weston
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon
Abstract
The 2008 financial crisis following the collapse of the subprime mortgage
market launched the greatest economic retraction in the United States since the Great
Depression of the 1930s. The entire country experience a spike in unemployment from
4. 7% to 10.1 %. The crisis shifted from financial to personal when many Oregonians lost
their jobs. In order to examine how Oregonians experienced the Great Recession, this
thesis observes how Oregon 's industries expanded or contracted total employment
between 2007 and 2010. I will discuss each ofOregon·s industries, as divided by the
North American Industry Classification System. This reveals 70% of employment
contraction in Oregon between 2007 and 20 I 0 belonged to the manufacturing,
construction, and trade transportation and utilities industries.
Description
53 pages. A thesis presented to the Department of Business Administration and the Clark Honors College of the University of Oregon in partial fulfillment of the requirements for degree of Bachelor of Science, Spring 2014.
Keywords
Economics, Oregon's economy, Great Recession, Labor force, Unemployment, Financial crisis, Housing