State loses jobs in August as unemployment rate hits 4.1 percent
Oregon lost about 9,500 jobs in August, the first drop in employment the state has seen since January.
August's unemployment rate ticked up to 4.1 percent, from 3.8 percent in July, according to Oregon employment officials.
Job losses in August showed that the state's annual job growth, which was still strong, has slowed. Since August 2016, employment expanded by 44,600 jobs, or 2.4 percent. In July, the state gained about 7,400 jobs.
"August's job losses were an unusually sharp departure from months of very large job gains," said Nick Beleiciks, state employment economist. "But looking past recent gains and losses, Oregon's over-the-year job growth continues to be very good."
Four major industries lost jobs in August, according to state officials. Leisure and hospitality lost 3,600 jobs, government lost 3,200 jobs, financial activities lost 1,300 and wholesale trade lost 1,300.