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Oregon's Unemployment Rate Rises in November

After a gradual slump to an all-time low in August, the state's unemployment rate has risen again slightly.

Posted: Dec 18, 2018 2:33 PM
Updated: Dec 18, 2018 2:37 PM

SALEM, Ore. — After nearly a year of steady or declining unemployment, Oregon's overall unemployment rate saw a slight uptick in November — moving up to 3.9 percent from the 3.8 percent that it first reached in August, according to data from the Oregon Employment Department (OED).

"Oregon’s unemployment rate has been close to 4 percent for the past two years," OED said in a statement. That ballpark rate represents a plateau of sorts, after a steady decline in unemployment began in 2009.

Nonetheless, industries in the state have continued to add jobs. Total "nonfarm payroll employment" grew by a net 2,400 jobs in November — primarily in the fields of professional and business services and government work. The wholesale trade industry lost 900 jobs last month.

"Recent employment estimates for professional and business services indicate rapid expansion in this broad industry. All three of its component industries expanded in recent months," OED said.

Oregon has added a total of roughly 36,600 jobs since this time last year, with construction remaining the industry with the fastest growth rate. Still, the professional and business services fields added more total jobs.

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