We'd Like To Thank You Mr. Hoov--er, Bush

Via Calculated Risk, a really scary graph from the Oregon State government:

Oregon’s seasonally adjusted unemployment rate rose to 12.1 percent in March from 10.7 percent (as revised) in February. The state’s unemployment rate has risen rapidly and substantially over the past nine months, from a rate of 5.9 percent in June 2008. The U.S. seasonally adjusted unemployment rate rose to 8.5 percent in March, from 8.1 percent in February.

In March, Oregon’s seasonally adjusted nonfarm payroll employment declined by 14,000 jobs, following a drop of 22,800 (as revised) in February.

Industry Payroll Employment (Establishment Survey Data)

In March, five of Oregon’s seven largest private-sector industries recorded substantial seasonally adjusted job declines. The losses were widespread with trade, transportation and utilities down 3,600 jobs and four other major industries each down approximately 2,400 jobs. None of Oregon’s major industries gained a substantial number of Jobs in March.

(Low whistle.)

Can't wait for Illinois' report.