OREGON’S PAYROLL EMPLOYMENT GROWS RAPIDLY, ADDING 7,600 JOBS IN APRIL
Big gainers: Health Care, Electronic Manufacturing and Computer System Designs.
Oregon Statewide Employment April 2015
Oregon’s unemployment rate declined to 5.2 percent in April from 5.4 percent in March, reaching Oregon’s lowest rate since July 2007 when the rate was also 5.2 percent. The rate is now back to where it was during 2006 through early 2008 when Oregon’s rate held steady between 5.0 and 5.5 percent.
Oregon’s payroll employment grew rapidly, adding 7,600 in April, following revised gains of 2,600 in February and 2,700 in March. April’s gain was on track with the rapid growth seen during September 2014 through January 2015 when growth averaged 6,200 jobs per month.
The recent, rapid job growth is consistent with Oregon’s performance prior to the recession. Jobs expanded by 3.2 percent between April 2014 and April 2015, a similar pace as seen during mid 2004 through 2006 when Oregon’s annual gains averaged 3.0 percent.
In April, four major industries grew rapidly over the month and over the year, with each adding between 1,000 and 2,900 jobs in April, and each growing by close to 5 percent since April 2014.
* Health care and social assistance (+11,200 over the year) was boosted by all four of its component industries, but its social assistance component grew at the fastest rate by adding 3,000.
* Manufacturing (+9,800 jobs over the year) was led by semiconductor and electronic component manufacturing, transportation equipment manufacturing, and food manufacturing, which each added close to 1,500.
* Professional and business services (+9,700 over the year) was led by computer systems design, management of companies, and administrative and waste services, which each added about 1,600.
* Leisure and hospitality (+9,100 over the year) was boosted by rising demand at restaurants, which led to food service and drinking places adding 6,900 jobs.