Oregon’s unemployment rate drops to 4.7% in September | News Radio 1190 KEX

Oregon’s unemployment rate fell to 4.7% in September from 5.0%, as revised, in August. In September, 102,000 Oregonians were unemployed. This is a remarkable improvement from the worst workforce impacts of the COVID recession when 270,000 Oregonians were out of work in April 2020. However, there is still some way to go to approach the average of 82,000 Oregonians unemployed from 2017 to 2019, during the hard work period. previous economic expansion market. The US unemployment rate fell to 4.8% in September from 5.2% in August.

In Oregon, non-farm payroll employment fell by 200 in September, following a revised gain of 8,900 jobs in August. Monthly earnings averaged 10,200 from January to August. Job cuts in September were the largest in government (-3,800 jobs) and construction (-1,400). These losses were offset by substantial gains of professional and commercial services (+2,500 jobs); leisure and hospitality (+2,200); and transportation, warehousing and utilities (+1,000 jobs).

The private sector created 3,600 jobs in September, continuing the steady expansion of the private sector which has averaged 4,600 jobs added per month over the past six months.

Government job losses in September were concentrated in local government where some K-12 schools added fewer employees than is typical at the start of the school year. Other local government employers are still well below their staffing levels seen two years ago, before the recession.

The leisure and hospitality industry created 2,200 jobs in September, following a gain of 1,200 in August. Despite these gains, recreation and hospitality still account for the bulk of Oregon’s jobs that have not been clawed back since early 2020, with 42,100 jobs to be clawed back to hit the peak in February 2020. The industry has recovered 62% of the jobs lost at the start of the pandemic. .

Professional and technical services grew rapidly throughout 2021 and are now well above their pre-recession peak. This industry has created 11,800 jobs since the trough in April 2020. Most jobs in the industry at large are found in companies providing services in the fields of law, architecture, engineering, computer systems design, management consulting, research and veterinary medicine.

Source: Oregon Department of Employment

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