Tuesday, March 4, 2014

Job Growth Brings Down State Unemployment Rate

This morning the Oregon Employment Department released the state's unemployment rate and employment estimates for January.

At 7.1 percent, Oregon's January unemployment rate was essentially unchanged from the prior month, but declined substantially from 8.3 percent one year prior. The state's unemployment rate has been trending down for the past four and a half years, but still sits well above the pre-recession low of 5.0 percent.

In January, Oregon saw modest job growth; employers added 1,000 jobs to payrolls. While the January gains were light, revised employment data for all of 2013 showed stronger growth than originally estimated. Since January 2013, Oregon added 43,800 jobs.

Job gains over the past 12 months were broad-based; all but one major industry expanded in 2013. The industries with the fastest growth rates included construction (+9.4%); leisure and hospitality (+4.5%); and professional and business services (+4.3%). Financial activities declined by 0.9 percent.

You can find plenty of additional employment information in the full news release, or by visiting our Current Employment Statistics page on

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