Tuesday, October 17, 2017

Oregon’s Employment Declines for the Second Consecutive Month in September

In September, Oregon’s nonfarm payroll employment dropped by 3,800 jobs, following a revised loss of 7,000 in August. These job losses followed rapid gains during February through July, when a total of 42,600 jobs were added in just six months.

In September, four industries cut more than 1,000 jobs, while two added more than 1,000. Leisure and hospitality (-3,700 jobs) cut the most as this industry returned to the long-term trend line after a spike upward in June and July. With vacancy surveys indicating that many firms are having trouble attracting workers, part of the weakness in hiring is likely due to the tight labor market.

Professional and business services (-3,100 jobs) cut back at a time of year when a flat trend is typical for the industry. The industry appears to have stalled from its upward trajectory over the past eight years. Each of its published component industries cut jobs since September 2016: employment services (-1,400 jobs), business support services (-400), and services to buildings and dwellings (-1,500). The two other industries that cut substantially in September were private educational services (-1,400 jobs) and other services (-1,200).

All was not lost in September, as construction added 2,900 jobs and government added 1,400.

These preliminary estimates of jobs and other labor force data are produced in cooperation with the federal Bureau of Labor Statistics, are based largely on a survey of businesses and a survey of households, and are subject to later revision.

Read the full press release

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