Oregon jobless rate for October still running flat – stalled at 7.7%, only slightly improved from September
Nothing much new in Oregon’s jobless rate. The metropolitan areas tend to be doing better, in fact much better than the rurals. The Corvallis area is still the best place to look for work, it’s unemployment rate falling in October to 5.7%, down from 6% in September. The Portland metro saw their jobless rate fall under 7% in a long time: 7.1% in September down to 6.9% in October. Washington County, home of Intel, was “job central” with a dropping unemployment rate of 6.2% to 6.1%.
Meanwhile, Lincoln County saw a slight decrease in unemployment in October – from 8.2% in September to 8.1% in October. Logging has been bouncing along the bottom since the start of the recession. Salem went from 8.4% in September to 8.2% in October.
Over in Bend, they saw their jobless situation improve a little, dropping from 9.6% down to 9.4. Medford fell from 7.1 to 6.9%.
Overall Oregon lost a net of 500 jobs in October after adding nearly 9,000 jobs in the previous two months. And over the past 12 months, 30,700 jobs have been added to Oregon’s payrolls.
Employment trends continue to look anemic. Construction jobs were up .8% in October. Manufacturing was flat. Trade, Transportation and Utility employment was up .2%. Work in the financial sector continued soft during the month of October, down .4%. Professional services were also down a full 1%. Education and Health employment rose .4% and Leisure and Hospitality rose .6%. Government employment was down a full percentage point in October.