Oregon adds jobs in August, unemployment steady at 4%
Oregon added about 900 jobs in August, as the state's unemployment rate ticked up slightly to 4%.
State employment officials said Tuesday, Sept. 17, that for the past 34 months, Oregon has seen a sustained stretch of the lowest unemployment in about 40 years. The unemployment rate has hovered around 4% since November 2016, officials said.
August's addition of 900 jobs comes after about 2,400 jobs were added in July. Monthly gains were strongest in leisure and hospitality (up 1,600 jobs) and professional and business services (up 1,100). Industries that lost jobs in August were wholesale trade (down 900 jobs); other services (down 900); retail trade (down 700); and health care and social assistance (down 600).
Officials said Oregon's employment growth has slowed from the rapid expansion during the prior years. The state gained about 1,000 jobs each month during the first eight months of 2019. That was a drop from the average job gains of about 3,000 a month in 2018.
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