Wednesday, March 16, 2016

Oregon's Labor Force Largest Ever

Oregon’s labor force has grown rapidly. During the past two years, Oregon’s labor force grew by nearly 100,000 individuals to reach an all-time high of 2,018,000 in February 2016. Key factors boosting the labor force include rapid job growth, in-migration, and growth in new entrants to the labor force.
In addition to a record labor force in Oregon, Oregon's unemployment rate (4.8%) is at it's lowest level in more than 20 years. It's down from last year's February figure of 5.8%. The number of employed workers over the year has increased (+86,000), while the number of unemployed workers has decreased (-16,000).

For more information on Oregon's labor force, visit the Oregon Local Area Unemployment Statistics.

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