Form Oregon Department of Employment
Oregon’s Unemployment Rate Was 8.7 percent in September, as Payroll Employment Dropped by 7,900
Oregon’s seasonally adjusted unemployment rate for September was 8.7 percent, essentially unchanged from 8.9 percent in August. The September 2011 unemployment rate was 9.4 percent.
Industry Payroll Employment (Establishment Survey Data)
On a seasonally adjusted basis, preliminary estimates from the federal Bureau of Labor Statistics (BLS) indicate nonfarm payroll employment in Oregon fell by 7,900 jobs in September. The BLS estimates the private sector declined by 5,500 jobs over the month and the public sector declined by 2,400.
Over the past year, the BLS estimates from September 2011 to September 2012 show a seasonally adjusted job gain of 10,100, or 0.6 percent, for Oregon’s nonfarm payroll employment. During that time the private sector added an estimated 15,700 jobs (+1.2%), while government lost 5,600 jobs ( 1.9%).
The federal Bureau of Labor Statistics estimates that construction employment cut 1,400 jobs in September. This was well below the typical seasonal gain of 200 jobs for September. For the past 12 months, construction has shown a choppy pattern, with no apparent expansionary trend. Since September 2011, the industry is down 300 jobs, or 0.4 percent.
Economists with the BLS estimate that professional and business services cut 2,600 jobs in September, which was well below the normal seasonal drop of 200 jobs for the month. Employment services cut 1,800 jobs in September and is down 1,600 over the past 12 months.
The BLS estimates that government employment rose by 4,300 in September. This gain was less than the normal seasonal increase of 6,700 for the month. Most local government K-12 schools were back in session, and the employment numbers reflected the return of staffing levels, with local government education adding 6,600 jobs. This was still estimated by BLS to be below its year-ago levels by 4,200 jobs. Federal government cut 600 jobs in September, while state government dropped by 300.
The BLS estimates of monthly job gains and losses are based on a survey of businesses. These preliminary estimates are subject to revision.
(Household Survey Data)
The national unemployment rate was 7.8 percent in September and 8.1 percent in August, while Oregon’s rate was 8.7 percent in September and 8.9 percent in August.
During the first nine months of this year, Oregon’s unemployment rate has been between 8.4 percent and 8.9 percent.
In September, 150,378 Oregonians were unemployed. This was 25,942 fewer individuals than in September 2011 when 176,320 Oregonians were unemployed. It was also the fewest number of unemployed since October 2008, when 139,502 Oregonians were unemployed.