Oregon’s unemployment rate has been between 4.0 percent and 4.4 percent for 34 consecutive months dating back to November 2016. This sustained stretch of low unemployment is unprecedented in comparable records dating back to 1976.
In August, Oregon’s total nonfarm payroll employment added 900 jobs, following a gain of 2,400 jobs in July. Monthly gains for August were strongest in leisure and hospitality (+1,600 jobs) and professional and business services (+1,100). These gains were offset by job losses in several industries: wholesale trade (-900 jobs); other services (-900); retail trade (-700); and health care and social assistance (-600).
Recent employment growth has slowed from the rapid expansion over the prior several years. In the first eight months of 2019, total nonfarm employment gains averaged 1,000 jobs per month. This was a marked slowdown from the average gain of 3,000 jobs per month in 2018.
Between August 2018 and August 2019, Oregon's transportation, warehousing, and utilities sector grew at the fastest rate (7.2%), adding 7,400 jobs. Construction growth has slowed to 3.0 percent over the past year, yet continues to add jobs at twice the rate of overall employment growth (1.5%).
More information about Oregon's employment situation can be found in the full news release.
In August, Oregon’s total nonfarm payroll employment added 900 jobs, following a gain of 2,400 jobs in July. Monthly gains for August were strongest in leisure and hospitality (+1,600 jobs) and professional and business services (+1,100). These gains were offset by job losses in several industries: wholesale trade (-900 jobs); other services (-900); retail trade (-700); and health care and social assistance (-600).
Recent employment growth has slowed from the rapid expansion over the prior several years. In the first eight months of 2019, total nonfarm employment gains averaged 1,000 jobs per month. This was a marked slowdown from the average gain of 3,000 jobs per month in 2018.
Between August 2018 and August 2019, Oregon's transportation, warehousing, and utilities sector grew at the fastest rate (7.2%), adding 7,400 jobs. Construction growth has slowed to 3.0 percent over the past year, yet continues to add jobs at twice the rate of overall employment growth (1.5%).
More information about Oregon's employment situation can be found in the full news release.
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