Wednesday, February 10, 2010

Business Employment Dynamics: First Quarter, 2009

Oregon experienced a net loss of 47,423 jobs during the first quarter of 2009 -- the largest net loss on record since 1993, when the Business Employment Dynamics program began collecting data.

On average, establishments with expansions added 3.2 jobs each during the first quarter of 2009 while contracting establishments lost an average of 3.8 jobs each. Establishments that opened during the first quarter started with an average of 2.7 employees.

Every major industry sector lost jobs over the quarter, even the stalwart education and health services sector. The construction, manufacturing, and finance sectors continued with net job losses that spanned over eight consecutive quarters.

Manufacturing posted a net loss of 14,964 jobs in the first quarter of 2009. This marks the largest net employment loss in any of Oregon's industries since the recession began in the fourth quarter of 2007.

More information available in the full version of this article

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