Article: Index says state recession is near.(Business)(Four economic indicators, including help wanted ads and building permits, experience a troubling slump in January)

Byline: Sherri Buri McDonald The Register-Guard

Oregon is used to rain. But the state's gathering economic storm clouds are turning dark and downright threatening, according to the University of Oregon's latest Index of Economic Indicators.

The data - especially the Oregon statistics - took a distressing turn in January, said Tim Duy, economist and author of the index.

"We're at a near-recession point, and that feels miserable for consumers, whether or not we move into an actual recession," he said.

The monthly index, which tracks eight measures of economic health, plummeted in January.

"The depth, duration and dispersion of ...

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