Unemployment steady in April as economy decelerates
Oregon added about 2,900 jobs in April as the state's unemployment rate held steady at 4.1 percent, a sign the state's economy could be "decelerating" to moderate growth.
State employment officials said the rate has been at or near 4.1 percent for the past 16 months, the lowest level since 1976.
April's jobs numbers were down from March, when 5,000 jobs were added, the first decline in 16 months. Last month, the state reported that retail trade dropped about 2,500 jobs, health care and social assistance cut 1,400 jobs, and professional and business services dropped about 1,100 jobs.
Seven of Oregon's major industries added jobs in April, state officials said, led by leisure and hospitality (up 600 jobs) and construction (up 500).
During the past year, 29,600 jobs were added, a gain of 1.6 percent, which is a slowdown from the more rapid expansion during the prior few years, when Oregon's job gains peaked in mid-2015 at 3.7 percent, state officials said.
Quality local journalism takes time and money, which comes, in part, from paying readers. If you enjoy articles like this one, please consider supporting us.
(It costs just a few cents a day.)