Oregon’s unemployment rate fell to 7.3 percent in November
as the economy added jobs and more people found success in their job searches.
The number of people who have been unemployed for less than six months is now about
the same as it was before the recession. From that point of view, Oregon’s
labor market is relatively tight and many people are able to find jobs as fast
as they could before the recession.
Not everyone is able to find a job quickly though. Roughly
34 percent of unemployed Oregonians have been without a job for six months or
more and are considered long-term unemployed. The number of long-term
unemployed is falling along with overall unemployment, but the reasons for this
are a bit unclear. They could be finding jobs (good), enjoying retirement (good),
or dropping out of the labor force when they would rather be working (bad). It’s
likely all of the above, but the data for Oregon doesn’t say for sure what eventually
happens to the long-term unemployed.
Our
friends at the Oregon Office of Economic Analysis looked at this question back
in September. You might be interested in: What Happens to the Unemployed?
The material for this post was compiled and composed by Oregon's State Employment Economist, Nick Beleiciks. For questions, contact Nick at Nick.J.Beleiciks@state.or.us.
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