The unemployed, and the millionaires, in Oregon

Unemployment in Oregon is not showing signs of coming down, even though this is the peak of the tourist season that generates a lot of employment. According to Forbes:

Oregon's unemployment rate hovered at 12.2 percent in June - essentially unchanged from the previous month but still a modern high and more than double the rate a year ago.

The latest figure also was well above the U.S. rate of 9.5 percent as Oregon's recession-bound economy shed another 7,200 jobs last month.

Contrast that with the following news item:
The Portland Business Journal reports that we have fewer millionaires than a year ago:

Oregon boasts 61,621 households with a net worth of more than $1 million, the 25th-most in the country.

About 4.12 percent of the state’s 1.495 million households have net worths of $1 million or more, Phoenix Marketing International researchers found. The top five states are Hawaii, Maryland, New Jersey, Connecticut and Virginia.

In Oregon, as in the rest of the country, the number of millionaires is declining.

In 2007, 4.88 percent of state households reported net worths of $1 million or more. That dropped to 4.5 percent last year.

An irony that the two updates were on the same date, only hours apart!