Tuesday, July 13, 2010

Oregon employment situation essentially unchanged in June

Oregon's seasonally adjusted unemployment rate was 10.5 percent in June, essentially unchanged from 10.6 percent in May. The state unemployment rate has remained between 10.5 and 10.7 percent for the most recent eight months. In June 2009, Oregon's unemployment rate peaked at 11.6 percent, the highest seasonally adjusted rate in nearly three decades.

Seasonally adjusted nonfarm payroll employment dropped by 3,600 in June, following a gain of 2,600 (as revised) in May. The decline in employment occurred mainly because 2,600 temporary Census jobs came to an end.

In the private sector, most of Oregon's major industries saw monthly job changes that were close to their normal seasonal pattern. Professional and business services was an exception; the industry posted a seasonally adjusted job decline of 2,500. Losses also occurred in retail trade (-2,100) and educational and health services (-2,400). Job gains were seen in manufacturing (+2,200); construction (+2,100); trade, transportation, and utilities (+1,500); and financial activities (+300).

More information is available in the full Oregon Employment Situation release, along with a schedule of future release dates.

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