SALEM, Ore. — The latest state’s unemployment rate has fallen to a five-year low.
Oregon’s seasonally adjusted unemployment rate dropped to 7.7% last month. That’s down from 7.8% in September and from 8.1% in August.
Oregon’s Employment Department says, as a whole, the numbers show that the economy is improving at a gradually accelerating pace.
Since this time last year, employment is up nearly 2% with an added 30,000 jobs.