Tuesday, July 15, 2014

June Job Losses Offset May's Gains

Oregon added 44,000 jobs in 11 straight months of growth, but saw employment decline by 4,300 in June. This washed out May's gains of 3,900 jobs.

A few industries had key losses: construction (-3,600), manufacturing (-1,300), professional and business services (-1,100), leisure and hospitality (-1,100), and government (-1,500). Private educational services (+1,700) and health care and social assistance (+1,800) saw key gains.

Oregon's unemployment rate was 6.8 percent in June, which was unchanged from May's revised rate. Oregon's unemployment rate has been between 6.8 and 7.0 percent for each of the first six months of the year.

The number of long-term unemployed (those unemployed for six months or more) continued its downward trend in June, dropping to 40,700. This was the fewest long-term unemployed since December 2008. This number peaked in 2010 at more than 100,000.

For more details on Oregon's employment situation, read the full press release: June Job Losses Offset May's Gains.

No comments: