The number of unemployed surged in the spring with layoffs related to the pandemic, both in Oregon and across the United States. According to the Job Openings and Labor Turnover Survey, by April there were 4.8 unemployed people for every job opening in the United States, a spike from the ratio of 1-to-1 seen throughout the last three years. In July 2020, job openings in the U.S. rose above 6.2 million, resulting in a ratio of 2.7 unemployed people per job opening.
In Oregon, the ratio shot even higher in the spring as the number of unemployed surged. In spring 2020, there were 7.1 unemployed people for every job vacancy, similar to the ratio measured in early 2013 as the state was recovering from the Great Recession. By July, the number of unemployed in Oregon had dropped by more than 70,000, leaving 4.8 unemployed Oregonians for every job vacancy in summer 2020.
- 18 percent of businesses responding in spring reported closures or curtailments due to COVID-19. This figure dropped to 7 percent in summer.
- Most openings in summer were for full-time, permanent positions.
- Health care and social assistance topped the industry list with 8,400 vacancies.
- The average starting wage for vacancies in summer was $19.18.
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