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Recovery is Here, It's Just a Slow One


A Central Oregon financial advisor is putting some perspective on a slight drop in the national jobless rate. The latest numbers show the national jobless rate dipped from 9.8% to 9.4%. Bill Valentine with Valentine Ventures says it’s' still a recovery; just a very sluggish one: "We're cautiously optimistic. Really the payroll and employment picture hit it's bottom in January of 09; so we're a full year along in terms of recovery. It's just not our father's recovery. It’s just not the kind of outrageously strong quick reductions in unemployment that we saw in past recessions." Valentine says besides the huge drop in housing, the recovery hit during a very bad time when our economy already starting shifting away from building and housing related jobs.  Valentine says many people in those jobs that were laid off probably won't be able to get back into the work force unless they change careers.  A national report from CNN Money shows there are jobs opportunities right now in finance, information technology, engineering and health care.  


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