Support Local Journalism!      

Link to Owner Dr. Robert B. Pamplin Jr.

FONT & AUDIO

MORE STORIES


But private sector added 5,800 jobs during the month; statewide rate remains low by historical standards.

Oregon's unemployment rate went up again in October to 4.1%, the highest since the 4.2% recorded in January, despite 5,800 jobs added in the private sector.

The net increase in nonfarm payroll jobs for October was 5,200, up from a net loss of 500 in September, when the statewide unemployment rate was 3.8%.

The national average for October was 3.7%, up from 3.5% from September.

"Despite the upturn in unemployment, it's really low by historical standards," Gail Krumenauer, economist for the Oregon Employment Department, said in a short video message with the announcement on Wednesday, Nov. 16. "After a pause with a small job loss in September, we saw things bounce back in Oregon in October."

Records go back to 1976 — and Oregon's most recent low was 3.4% during the four months from November 2019 through February 2020. (Some records predate 1976, but are not comparable with current data.)

Sectors that gained jobs in October were:

• Financial activities, 2,500, mostly in real estate and rentals/leasing.

• Private health care and social assistance, 1,100.

• Manufacturing, 1,100.

• Leisure and hospitality (restaurants, bars, hotels, entertainment), 800.

• Construction, 700.

Sectors that lost jobs during the month were retail trade, 700, and government, 600.

Retail trade accounted for a statewide total of 208,500 for the first 10 months of this year, a drop of 2,900. General merchandise stores, which make up the bulk of jobs in this sector, lost 2,300 jobs overall; motor vehicle and automobile parts stores, 900, and building materials and garden supplies, 800.

This email address is being protected from spambots. You need JavaScript enabled to view it.

twitter.com/capitolwong


You count on us to stay informed and we depend on you to fund our efforts. Quality local journalism takes time and money. Please support us to protect the future of community journalism.


Have a thought or opinion on the news of the day? Get on your soapbox and share your opinions with the world. Send us a Letter to the Editor!

Go to top