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Thursday, December 3, 2020

Health Care Jobs Now and Into the Future

As new technology emerges and demand for services grows, many of the fastest growing occupations are in health care. The Oregon Employment Department estimates health care occupations will grow by 14.5 percent, much faster than the 8.6 percent growth for all occupations. Around 24,500 new health care jobs are expected to emerge between 2019 to 2029. Over this period, replacement openings for health care workers who retire or move into other occupations are expected to be more than five times higher than growth openings at 135,055 jobs.


Health Care Jobs of the Future

With health care constantly evolving, many jobs in health care did not exist even just a year ago and a number of new occupations are currently being created. Here is a selection of six health care jobs that may be in high demand in the near future according to Forbes, a global media company:

1. Reconstructive Surgery 3D Printing Specialist
Medical professionals are beginning to use 3D printing to improve their practice and offer more customized health care options for their patients. The future of the health care industry will require design engineers and specialists who can create 3D reconstructive molds and models. There will be high demand for health care professionals who can maintain and upkeep all of the equipment.

2. Virtual Hospital Manager
The nation is seeing a rise of virtual hospitals where a hospital facility has a number of staff on board but no beds. An example is Mercy Virtual, which is the world’s first hospital facility dedicated entirely to telehealth. This hospital is a 125,000-square-foot facility with 330 staff members and all patients are managed virtually via telehealth-based approaches. In the future, similar facilities will need dedicated mangers who are well versed in electronic transmission, ethics and other aspects associated with delivering health care virtually.

3. Precision Medicine Compounding Pharmacist
In the near future, patients could be treated with precision medicine as a norm based on their individual characteristics. This could make bulk pharmaceutical drugs eventually obsolete. Compounding pharmacists will oversee robots that take care of the process by providing them with the right information about the patient’s genetics and individual characteristics defined by medical imaging and analytics.

4. Epigenetic Counselors
Epigenetics is the study of how a person’s behavior and environment can cause changes that affect the way a person’s genes work. As our understanding of this linkage improves, epigenetic counselors will educate adults and the younger generation to make the right choices to ensure healthier lives.

5. Companion Robot Technician
Science is developing robots that can enable elder or disabled persons to lead a self-determined, independent life. Companion robot technicians concentrate on specialized types of robot companions and help design, test, install, maintain, troubleshoot, and fix robots and automation control systems.

6. Telemedicine Nurse
One of the futuristic health care careers already here is telemedicine nursing. This occupation is one recent advance that really highlights how quickly telemedicine is shaping the future of the health care industry. Being a telemedicine nurse means that you will coordinate with both patients and other health care professionals to routinely check in with patients and patient family members, and then relay important information to other health care professionals monitoring the patient’s care. Telemedicine nurses will have a significant impact in monitoring the care and interacting with patients in areas where it is difficult to receive care in a physical location.

What It All Means

Over the next few decades, innovations like telemedicine and virtual reality will vastly improve the health care experience for patients and providers. With all the progress made in health innovation these days – advances in surgical robotics, virtual reality therapies and diagnostic tools – it is easy to picture the hospital of 2050 as a place where exam rooms look like a scene from the Jetsons, artificial intelligence take the place of practitioners, and every instrument connects to the cloud. New occupations in health care will surely need to be created to respond to this ongoing demand for services.

To learn more, read Workforce Analyst Lynn Wallis' full article here

Tuesday, December 1, 2020

Growth in Graphic Designer Employment Concentrated in Portland Area

Graphic designers remain the largest occupation among art and design occupations in Oregon. Even though publishing and printing, key industries of employment for graphic designers, have faced steep employment declines, closures, mergers, and acquisitions that have lessened the demand for graphic designers, employment in this occupation is supposed to grow faster than the statewide average from 2019 to 2029. Demand for graphic designers is driven by the expanding market for Web-based information and expansion of the video entertainment market, including television, movies, video, mobile phones, and made-for-Internet outlets.

There were 4,514 graphic designers employed in Oregon in 2019. Employment is concentrated in the Portland Tri-County area employing 69 percent of workers in 2019. Employment of graphic designers is expected to grow faster than the average growth rate for all occupations in Oregon. Employment of graphic designers is projected to grow by 11.6 percent between 2019 and 2029. The average growth rate for all occupations in Oregon is 8.6 percent. In addition to the 523 new jobs projected for the 10-year period, 4,763 replacement job openings – primarily due to retirements and individuals leaving the labor force – will provide many more job opportunities for workers.


Other facts about graphic designers:
  • The median wage for graphic designers in Oregon was $54,329 per year in 2020, which was 28 percent higher than the statewide median of $42,307. 
  • The largest industries of employment for graphic designers are specialized design services, publishing (print and software), and computer systems design (20% of employment combined).
  • About one out of five (21%) graphic designers were self-employed nationally in 2019 according to the Bureau of Labor Statistics.
Learn more about this occupation by reading Workforce Analyst Michael Doughty' s article here.

Wednesday, November 25, 2020

Thanksgiving Fun Facts

In this time of gratitude, we give thanks to you – our readers! We are grateful to be able to provide you with quality information on Oregon’s labor market so that you can make informed choices about your career, business, policy, grant, or project. On behalf of all of us at the Oregon Employment Department, Happy Thanksgiving! 

Countries celebrating Thanksgiving and similarly named holidays on various dates include Australia (Norfolk Island), Canada, Germany, Grenada, Japan, Liberia, India, Malaysia, Philippines, Saint Lucia, Sri Lanka, the Netherlands, the United States, and the United Kingdom.

695
The number of supermarkets and other grocery (except convenience) stores in Oregon in 2019. These establishments are expected to be extremely busy around Thanksgiving as people prepare for their delightful meals.

64
The number of fruit and vegetable markets in Oregon in 2019 ─ a great place to find holiday side dishes.

1,649,352
The number of occupied housing units across Oregon in 2019 ─ potential stops for Thanksgiving dinner.

47,783
The number of multigenerational households in Oregon in 2019. It is possible these households, consisting of three or more generations, will have to purchase large quantities of food to accommodate all the family members sitting around the table for the holiday feast, even if there are no guests.


222 million
The forecasted number of turkeys raised in the U.S. in 2020 according to the U.S. Department of Agriculture’s National Agricultural Statistics Service. That is down 3.0 percent from the number raised during 2019.


25 million
The total number of potatoes ─ another popular Thanksgiving side dish ─ harvested in Oregon in 2019. The value of potato harvest in Oregon was $234 million.

530,000
The forecasted barrels of cranberries produced in Oregon in 2020. Oregon ranks fourth in the nation for cranberry production.





Tuesday, November 24, 2020

October 2020 Employment and Unemployment in Oregon’s Counties

In October 2020, all of Oregon’s 36 counties experienced over-the-month decreases in their unemployment rates. In 32 counties, unemployment rates dropped by half a percentage point or more. Lincoln County experienced the largest over-the-month decrease at 1.9 percentage points.

Lincoln County had Oregon’s highest seasonally adjusted unemployment rate in October at 8.7 percent. Other counties with some of the highest unemployment rates include Multnomah (8.3%) and Crook (8.0%). 

Wheeler County registered the lowest unemployment rate for the month at 4.1 percent. Other counties with some of the lowest unemployment rates in October were Morrow (5.1%) and Malheur (5.2%). Twenty-one counties had unemployment rates at or below the statewide rate of 6.9 percent. Twenty-one counties also had unemployment rates at or below the nationwide rate of 6.9 percent.


Total nonfarm payroll employment declined sharply in all six of Oregon’s broad regions between October 2019 and October 2020. The largest job losses occurred in the Portland-5 (-9.9%). The Coast (-7.9%), Willamette Valley (-7.6%), and Central Oregon (-5.5%) also experienced large over-the-year employment losses.








Thursday, November 19, 2020

COVID-19 Job Losses by Sector and the Two-Week Freeze

 During the spring implementation of health and safety measures related to COVID-19, Oregon lost one out of every seven nonfarm payroll jobs. The loss of 285,000 jobs (-14.5%) in March and April was both stunning and unparalleled. By October, Oregon had regained nearly half (132,000 or 46%) of the spring job loss. 

Both the initial job losses and the recovery have differed quite a bit across different areas of Oregon's economy. Leisure and hospitality -- including restaurants, bars, performing arts venues, and indoor recreation places -- lost the most jobs by far (110,500), with half of all employment either temporarily idled or permanently gone. One out of four jobs were shed in other services, which includes barber shops and salons. And private education services declined by 8,200 jobs, or one out of every five jobs. To some degree, each of these hard-hit service sectors has recovered over the past six months. Yet taken together, they remain 71,600 jobs below their February level. 

In local government -- about half of which is public K-12, community college, and university education -- employment has continued to decline throughout the year. After losing 15,400 jobs in the spring (-6.7%), local government lost another 10,600 jobs by October. 

As Oregon moves into the two-week freeze, we estimate 51,000 potentially affected, current jobs at businesses. Most of those effects are expected to occur in the accommodation and food services portion of leisure and hospitality, with the temporary return to delivery and takeout only for those employers.

That's not to say those job losses will show up in the employment trends as above. The current freeze timeframe (November 18 to December 2, except the Portland area) falls in between the time periods in November and December that households and businesses are asked about their employment situation.

One sector does stand out as a shining star in 2020: transportation, warehousing, and utilities. The sector made up of the package deliveries to our doors and the distribution system to get them there was 5.2 percent above its February level by October, and up by 8.1 percent over the past year. That's stellar growth in any economy, and a stark contrast to the rest of Oregon's economy during the pandemic. As we go through the freeze period and into the holiday season, the sector is poised to continue its surge, at least in the short term.

More information about the disparate impacts of COVID-19 recession job losses can be found in the full article.

Tuesday, November 17, 2020

Oregon’s Unemployment Rate Drops to 6.9 Percent in October

Oregon’s unemployment rate dropped to 6.9 percent in October from 7.9 percent, as revised, in September. For the past few months, Oregon’s unemployment rate has closely tracked the national unemployment rate which also fell to 6.9 percent in October from 7.9 percent in September.

Oregon’s total nonfarm payroll employment rose by 14,200 jobs in October, following a revised gain of 9,300 jobs in September. Over the past four months the rate of job growth has averaged 14,400 per month, following more rapid growth in May and June, when 74,500 jobs were added. Oregon employers added jobs in each of the past six months, and the state has recovered 46 percent of the jobs cut in March and April.

Over-the-month job gains in October were largest in construction (+6,100 jobs), professional and business services (+4,300), and leisure and hospitality (+4,300). Declines were largest in government (-7,400 jobs).

Leisure and hospitality continues to be the industry most impacted by the economic effects of the COVID-19 pandemic. Its employment bounced back substantially in May and June, but job gains have slowed over the past four months. Employment totaled 162,000 in October, which was down 54,300 jobs, or 25 percent, since its peak month of February. Over the past 12 months, two of its component industries cut employment by more than a quarter. Since October 2019 arts, entertainment, and recreation is down by nearly half (-13,000 jobs, or -49 percent) and accommodation is down by nearly a third (-8,600 jobs, or -32 percent).

Most schools in Oregon were impacted by a combination of distance learning and declining enrollment this autumn, which resulted in job cuts at all levels of education. When comparing October 2020 with October 2019, all of education—from grade schools to colleges—have experienced job reductions. Local government education reduced employment to 118,700 in October from 139,900 in October 2019 (-21,200 jobs, or -15%). This industry includes local K-12 schools, community colleges and the Oregon University System. Private education, which includes private grade schools and private universities, cut 7,400 jobs, or 20 percent, since October 2019.

Two major industries expanded since October 2019. Construction surged by 6,100 jobs over the month in October and is up 700 jobs since October 2019, putting it close to its record levels during late 2019 through March 2020. Transportation, warehousing, and utilities added 1,200 jobs in October and grew fast for most of the past few years, adding 5,800 jobs over the past 12 months. The industry benefitted from rapid demand growth in online shopping and the resulting expansion of warehousing and distribution.

Tuesday, November 10, 2020

Employment Among Oregon's Veterans

In 2019, the unemployment rate for veterans in Oregon was 4.5 percent, according to the American Community Survey. Overall, Oregon’s unemployment rate was 4.8 percent in 2019. Across the U.S., veterans had a lower unemployment rate of 3.7 percent.

About 264,000 veterans lived in Oregon in 2019. Among veterans 18 to 64, 75 percent were in the labor force, slightly less than the 77 percent labor force participation rate among non-veterans. This may be because veterans tend to be relatively older. According to the American Community Survey, more than half of Oregon’s veterans were age 65 years or older and served in the military at least four decades ago: Vietnam War (99,655 veterans), Korean War (17,278), and World War II (6,694). Gulf-War I and II veterans totaled 93,846.

In 2019, Oregon’s veterans earned a higher median income ($41,693) than nonveterans ($32,134). Veterans earn a higher income despite being less likely to have a college degree. Among Oregon veterans ages 25 years and older, 29 percent have a four-year degree or better, compared with 35 percent of nonveterans. Alternatively, about 4 percent of veterans don’t have a high school diploma, while 9 percent of nonveterans don’t have a high school diploma.

Female veterans, who represented 9 percent of Oregon’s veterans, earned a median income of $37,002, less than male veterans’ median of $42,213, but higher than female nonveterans’ income of $27,177.

Veterans are more likely to have a disability, but less likely to be in poverty than the general population. Among veterans of working age, more than 8 percent live below the poverty level, noticeably below the 12 percent poverty rate among non-veterans. Of the Oregon veterans living in poverty more than half report having a disability. Among working-age veterans living above the poverty line only 20 percent have a disability.


Only 7 percent of Oregon veterans are under age 35, compared with 30 percent of non-veterans. The older age profile of veterans may explain most of the higher income and higher disability rates among veterans.

Read Workforce Analyst Christian Kaylor's full article at QualityInfo.org.

Thursday, November 5, 2020

Payroll Employment for Businesses Destroyed in Almeda Fire

Within the level 3 evacuation zone in Jackson County, the Almeda fire burned though the core business route of Hwy. 99 from the edge of Ashland to the outskirts of Medford. In some spots the wind-whipped fire devastated all businesses on both the east and west sides of the highway, at other times hopscotching its way south, indiscriminately taking out some businesses while sparing others seemingly without explanation. For the ground level look, you can search any property within the fire perimeter now and see what is there now.

Using a few sources such as a Google map showing the fire outline and a published list businesses lost in the fire that appeared on a local news website, there are about 130 businesses that have been lost due to the fire. More will be incorporated as a city business license list is added to these other sources. These lists include both self-employed and sole proprietors, those businesses who don’t have any paid employees, as well as businesses with “covered” employment (jobs covered by unemployment insurance). 

Within those 130 or more total businesses that were destroyed or heavily damaged in the fire, we have payroll employment and wage data for 63 of those businesses that were in operation during the third quarter of 2019. While we don’t know of course how many workers those businesses had during the third quarter of 2020 when the fire struck, looking back at last year’s figures can give us a sense of the likely overall payroll employment impact.

During the summer quarter of 2019, there were about 510 payroll jobs among the 63 establishments that were lost in the fire. These businesses had $4,177,786 in total payroll, with an average annual wage per job of $32,703. All of the jobs lost were in the private sector. Not included in the total was the Southern Oregon Education Service District campus, as it is unclear how many of those jobs were dependent on that location or could be done remotely or at other locations. That’s also important to note for other businesses – we don’t know how many jobs within businesses that were lost could be relocated to their other business operations, temporary locations, or are simply gone until we see which businesses are rebuilt or relocated. The 510 payroll jobs represented 0.6 percent of Jackson County’s total payroll employment and 0.4 percent of total payroll during the summer of 2019.


Looking at the mix of jobs by industry affected by the Almeda Fire, we see a similar distribution of jobs as the overall economy, with leisure and hospitality, retail trade, and health care and social assistance accounting for most jobs. There is not very much industry detail available due to confidentiality.

For all of these businesses, sole proprietors, and self-employed workers, a few resources are being added to the new Rogue business website under the “Wildfire Resources Available” banner: http://roguebusiness.org/.

Jackson County has launched a website for official wildfire recovery information: RogueValleyRebuilds.org. It is aimed at those affected by the Almeda and Obenchain fires and brings together information from multiple organizations involved in the rebuilding effort.

For more information, read Regional Economist Guy Tauer's full article here.

Wednesday, November 4, 2020

Disparate Impact: COVID-19 Job Losses by Sector and Gender in Oregon

Every recession is unique, with varying impacts on workers in different parts of the economy. The dot com recession in 2001 hit high-tech harder than other sectors. Construction bore the hardest brunt of job losses during the Great Recession. Eight months into the COVID-19 downturn, we're seeing yet another unique set of disparate impacts in Oregon and nationwide.

Initial Impact
In March and April, Oregon’s total nonfarm payroll employment dropped by 271,900, or 13.8 percent. That equates to one out of every eight jobs in the state – a stunning and unparalleled rate of job loss over such a short period. Oregon regained nearly half (45% or 122,100) of the spring losses by September. 

Three of the state’s service-based sectors lost even larger shares of jobs. Leisure and hospitality (hotels, restaurants, and theaters) shed 118,700 jobs (more than half its employment) in March and April. Other services (automotive repair, barber shops, and beauty salons) dropped one out of every five of its 65,800 jobs (-22.3%). Private education services also saw sharp declines (-6,000 or -16.0%) as schools shuttered in the spring. While recovery is underway in each of these sectors to some degree, they remain a combined 73,600 jobs below their February level.

Second Wave of Job Losses
While most sectors are rebounding from the initial job losses, others are starting to see additional declines as COVID-19 and its economic impacts linger. The state’s corporate headquarters companies, local government, and manufacturing each had lower rates of job loss than Oregon overall in March and April. They’re still on the downward slide though. 

From May to September, manufacturing lost another 3,400 jobs, for a total decline of 8.2 percent since February. Similarly, local government – roughly half of which is K-12 and higher education – dropped by 13,600 jobs (-5.9%) in spring, and lost another 3,600 jobs since then. The large corporate management of companies sector initially lost 2,200 jobs (-4.3%), and lost another 600 since May, for a total drop of 5.5 percent.

Effects on Women
The disparate impact to sectors where more women have jobs – especially education, where women hold two out of every three jobs – is reflected in unemployment rates. Since the COVID-19 recession began in Oregon, the unemployment rate for women has consistently been 2 to 3 percentage points higher than for men. In September 2020, the unemployment rate for women was 9.6 percent, compared with 6.7 percent for men.

In addition to higher unemployment rates, women have also exited the labor force in higher numbers than men. Nationally, the Bureau of Labor Statistics reported women left the labor force at four times the rate of men in September 2020. Oregon has seen a similar trend to the nation, with significantly more women than men departing the labor force, particularly since the summer.

Get more information about the disparate impacts the COVID-19 in the full article, written by State Employment Economist Gail Krumenauer

Tuesday, November 3, 2020

Unwrapping Holiday Hiring: From Bricks to Clicks

Retailers and package delivery companies rely on the holiday season to provide an end-of-year boost in sales that makes operating during the rest of the year worthwhile. Some businesses hire extra workers, often on a temporary basis, to get them through this busy time of year. It is highly possible that because more people are doing their shopping online, traditional “brick and mortar” retailers do not need to hire as much as they did in previous holiday seasons and industries more closely related with “e-commerce” are hiring more workers.

To analyze this, the traditional holiday hiring industries can be divided between brick and mortar industries and e-commerce industries, and a sector that has been booming in Oregon recently, warehousing and storage, can be added to the e-commerce mix. Industries in the warehousing and storage subsector are primarily engaged in operating warehousing and storage facilities for general merchandise, refrigerated goods, and other warehouse products. These establishments provide facilities to store goods.


In total, holiday hiring (the buildup of employment between September and December) looks steady from 2010 (post Great Recession) on, with holiday hires ranging from 10,298 in 2013 to 13,718 in 2019. What is really changing is the percentage of holiday hiring that falls in the brick and mortar areas as compared with the e-commerce areas. In 2001, 74.7 percent of holiday hiring took place in the sectors found in the brick and mortar category and by 2010, it represented 68.9 percent. However, in 2019 traditional brick and mortar holiday hiring represented only 43.4 percent, while e-commerce hiring had grown to 56.6 percent of all holiday hiring. Holiday hiring is still happening at similar levels as before, it just appears to be happening in different sectors.

2020’s Wish List
Holiday buildups inevitably lead to corresponding post-holiday declines in the number of workers needed as businesses adjust back to the usual sales pace. As consumers are more likely to make their purchases online in the wake of COVID-19, it is difficult to know what future seasonal hiring patterns of retailers will be. Parcel deliverers will no doubt continue hiring holiday workers to deliver those extra packages to all the good kids, but local stores may not need to hire as many holiday workers as in past years if their customers are doing less shopping in person. However, traditional brick and mortar retailers may be offering more online shopping options and may still require more workers during the holidays, just in different occupations. As more online shopping takes place, warehousing and storage will continue to be important in holiday hiring.

To lead more about holiday hiring, read economist Sarah Cunningham's full article here


Friday, October 30, 2020

Halloween Fun Facts

Happy Halloween! We're treating you with some fun facts related to Halloween festivities.


713,643
Oregonians under age 15 (2019) potentially in search of candy asking "trick or treat?"

1,649,352
The number of households statewide (2019) that children might pass by and/or visit while trick-or-treating

56
The number of confectionery and nut stores in Oregon that sold candy and other confectionery products in 2019

58
The number of chocolate and confectionery product manufacturing establishments in Oregon in 2019

427
The number of people employed by manufacturing establishments in Oregon that produced chocolate and cocoa products in 2019

$92.12
Estimated Halloween spending per buyer in 2020, according to the National Retail Federation's annual survey

323
Oregon's total number of gift, novelty, and souvenir stores in 2019, which includes seasonal Halloween costume stores 




More fun facts about Halloween are available at the U.S. Census Bureau's Facts For Feature page. 

Wednesday, October 28, 2020

Oregon's Beveridge Curve Shows Less Efficency Finding Jobs

Last Friday, we shared details about summer hiring demand in Oregon. With two quarters of Job Vacancy Survey data in the COVID-19 recession, this seemed a good time to take a look at Oregon's Beveridge Curve.

The Beveridge Curve shows the relationship between the job openings rate (vacancies/labor force) and the unemployment rate. Note the labor force includes all those ages 16+ who are either employed, or out of work but are available and able to take a job if offered to them, and have actively sought work in the past four weeks.

At first glance the Beveridge Curve is just a messy squiggle. That squiggly line does generally tend to move in predictable ways though. When the curve moves up and to the left over time, that means the unemployment rate is low, and there's strong hiring demand relative to the size of the labor force.

The curve gets more interesting if over a longer period of time it moves out to the right and also stays high. This could lend to the narrative that those who are unemployed are not finding jobs as well, when there seem to be plenty of vacancies. 

Oregon doesn't have as long of a series as the Bureau of Labor Statistics (BLS) does for their curve, which actually did shift to the right during the Great Recession, before moving back up and to the left during the last recovery and expansion.

From our quarterly job vacancy series starting point in Oregon (Winter 2013), the BLS and Oregon curves are remarkably similar, and like what you’d expect: lower hiring demand relative to labor force size when the unemployment rate is high, and higher job opening rates when the economy is strong and unemployment is low. In recent months though, Oregon and the U.S. have had high job opening rates relative to their high unemployment rates. 


What does that mean?
Well, it appears that something is out of whack (← technical term) with the labor market. This looks like the type of situation where those who are unemployed are not finding jobs as efficiently, when there seem to be plenty of vacancies. Usually we’d expect the spring 2020 point on the Beveridge Curve to look more like the Winter 2013 point. This spring and summer though, while unemployment remained relatively high, there were also a lot of “help wanted” signs posted on storefronts and online.

Why the relative inefficiency finding jobs?
There are plenty of anecdotes and data points to grab onto around this (none of which paint a complete picture…). Here are a few possible explanations for greater inefficiency, with supplemental data provided where possible.
  • People were staying home, mostly on temporary layoff, and not looking for another job if expecting to go back to their current employer. Temporary layoffs accounted for the bulk of COVID-19 job losses, and don't require active job search with other employers to be counted among the unemployed.
  • Lower-wage earners were more likely to be laid off, meaning those who earn more were more likely to still be employed (and still spending). People who earn more are more likely to still have jobs, and are buying stuff, and a different mix of stuff (e.g., home goods rather than vacations). That kept up the hiring demand to make and/or deliver that stuff, even with higher unemployment. Here's a look at all jobs in Oregon where the person had worked in both 4Q2019 and 1Q2020. Of those jobs, the lower-wage jobs declined by almost double the rate of middle-wage or high-wage jobs. What’s more, of the lower-wage jobs that remained in 2Q2020, the median number of hours worked fell by 19 percent. For the middle- and high-wage jobs, the number of hours remained essentially the same. 
  •  The extra $600 in Federal Pandemic Unemployment Compensation for the unemployed bolstered their spending in spring and summer. Many who lost jobs had temporary full wage replacement (or more) through the end of July with the extra $600 from the CARES Act. Research from the Office of Economic Analysis shows total personal income up by 10 percent in April. Research from JP Morgan Chase shows saving and spending trends among unemployed people who have bank accounts with them. It shows spending by the unemployed increased by 22 percent upon receipt of unemployment benefits and declined by 14 percent in August. This would help keep hiring demand up for making and delivering goods and services too. Of course, the extra $600 is three months in the rear view mirror (at least in terms of effective date), and the $300 lost wages assistance is mostly distributed now in Oregon too. It will be interesting to see how things change heading from fall into winter.
  • Child care issues: even with heightened teleworking, national data show only about one out of four jobs being teleworked. For those with kids at home, may be looking for work that accommodates summer camp/day care closures and/or distance learning. (Reminder: if someone left or permanently lost a job, and is not available and able to take a job offered to them, or hasn't actively sought work in the past four weeks, they are no longer in the labor force.)
  • The extra $600 and waived work search requirements for Unemployment Insurance benefits could have been disincentives to search for work while unemployed.
More information about job vacancies in Oregon can be found in the Job Vacancy box on the publications page of QualityInfo.org. You can send questions on Oregon's Beveridge Curve to Gail.K.Krumenauer@oregon.gov