Job growth was faster than it was at the beginning of the year. Over the past 12 months, Oregon’s payroll employment rose 56,200, or 3.1 percent, as was reflected in the quarterly revisions to the data. Earlier in the year, annual job growth had slowed to 2.0 percent, but by July was back above 3.0 percent for the first time since April 2016 when the growth rate was 3.2 percent. Several large industry sectors led the expansion in the 12 months ending with July 2017, including construction (+10,300 jobs, or 11.4%), leisure and hospitality (+9,900 jobs, or 5.0%), and health care and social assistance (+8,600 jobs, or 3.7%).
Oregon’s unemployment rate was little changed at 3.8 percent in July. The rate remained near its all-time low of 3.6 percent reached in May. Oregon’s rate was significantly below its year-ago rate of 5.1 percent in July 2016. The U.S. unemployment rate was 4.3 percent in July 2017.
Read the Oregon Employment Department's full press release.
No comments:
Post a Comment