Oregon's Unemployment Rate Continues to Fall
May 14, 2013, 3:03 pm
The unemployment picture in Oregon is slowly but steadily getting brighter. The rate from April was 8%, down from 8.2% in March. It has fallen .08 since last April.
About 3,700 jobs were added. It's the seventh straight month that payroll employment rose.
Gains were reported in leisure and hospitality, and manufacturing. It helped offset a loss of 1,200 construction jobs. Professional and business services is 600 jobs better than it's pre-recession peak five years ago.
"This is encouraging news. We're seeing good job growth. Also, the unemployment rate is coming down, which means there's a little less competition for those jobs that are being added," says state employment economist Nick Belieciks.
6,700 people dropped out of the work force last month, bringing the rate down to 62% who are available to work. That's blamed on an aging population and retirements, fewer teens getting a job and an overall weak market.
The national unemployment rate is 7.5%, down one-tenth of a point.