The “official” unemployment rate in the the job center of the state, Portland, continues to decrease slightly despite the fact that hiring has slacked off a bit. The “unofficial unemployment rate” is said to be over 15% when one counts those who have given up trying to find a job or who are stuck in a part-time slot.
More on the story from The Oregonian. Click here.
Here’s the latest job market figures for Lincoln County.
Labor Force and Unemployment Estimates from a Survey of Households
Lincoln County’s seasonally adjusted unemployment rate was 7.3 percent in February,
unchanged from the previous month (7.3%), but down from the year before (8.8%). The
unemployment rate for Lincoln County was close to the statewide rate (6.9%), but higher than the national rate (6.7%). Lincoln County’s unemployment rate ranked as the 16th lowest of Oregon’s 36 counties in February. The rate was stuck above 10 percent for nearly all of 2009, 2010 and 2011. It has declined slowly, but fairly steadily since then.
Seasonally adjusted nonfarm payroll employment fell by 180 jobs in February to 17,490. Seasonally adjusted figures compare expected changes with actual changes. A gain of 130 jobs is normal for the month, but the number of jobs in the county fell by 50. The private sector shed 110 jobs in February and government employment grew by 60. Retail trade slashed 100 jobs in February. Accommodation and food services added 90 jobs. Local government education expanded by 40 jobs in February.
February’s total nonfarm payroll employment was 40 less than one year before. Total private sector employment dipped by 10 jobs and government employment was down by 30. Industries adding the most jobs over the past year included retail trade (+50) and leisure and hospitality (+50). Industries cutting the most jobs included state government (-40), Indian tribal government (-40) and private educational and health services (-50).
Unemployment rates for other counties can be found at by clicking here.