OREGON’S UNEMPLOYMENT RATE DROPS TO 5.6 PERCENT
July 14, 2021 3:20 a.m.
Oregon’s unemployment rate fell to 5.6% in June.
According to information from the Oregon Department of Employment, this is down from 5.8% in May.
State employment economist Gail Krumenauer said that despite recent declines in Oregon’s unemployment rate, a large group of unemployed people have struggled to find jobs. The number of Oregonians unemployed for 52 weeks or more remains high at around 40,000 in June, compared to an average of around 8,000 in the three years before the recession.
In Oregon, non-farm payroll employment rose by 7,500 in June, after monthly gains of 10,100 on average over the previous five months. The update said monthly gains were largest in health care and social assistance, which added 2,400 jobs. The “other services” category gained 1,700 jobs. Transportation, warehousing and utilities, and recreation and hospitality have both created 1,000 jobs. Wholesale trade increased by 800 jobs. A single large industry lost more than 300 jobs in June. Construction has lost 900 jobs.
Krumenauer said recreation and hospitality made up the bulk of Oregon’s unrecovered jobs since 2020. It employed 169,500 in June and added just 1,500 jobs in the past three months. The industry still has 46,800 jobs, or 22%, below its peak in February 2020. The category represents 45% of all non-agricultural salaried jobs that have not yet recovered from the previous peak. the Oregon recession.
The update indicates that the local government employed 208,900 in June, which is 21,400 jobs below its pre-pandemic employment level of 203,300 in February 2020. With jobs still down 9%, this industry experienced the second largest percentage reduction during this period, behind only leisure and hospitality.
While most major industries still employ fewer workers than in February 2020, two industries have increased their employment levels in the past two years. Transportation, warehousing and utilities have added 4,400 jobs, or 6 percent, since before the recession. The state government gained 1,500 jobs, or 4 percent during this period.
For more information on unemployment programs, go to https://unemployment.oregon.gov/