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Oregon’s Unemployment Rate Lowest Since March 2020

SALEM, Ore. (AP) – The unemployment rate in Oregon dropped to 4.9% in August – the lowest rate since March 2020 when it was 3.6%.

The Oregon Employment Department reports July 2021 saw 5.2% unemployment in the state, following a similar drop in unemployment nationwide – from 5.4% to 5.2%.

It’s the third time since 1976 that Oregon unemployment has dropped below 5%.

According to data from the state, the only other two periods of time Oregon had below 5% were 14 consecutive months in the mid-1990s when unemployment was as low as 4.5%, and during the 51 consecutive months during 2016 through March 2020.

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