Oregon’s unemployment rate remained stable at 4.1% in June, following a slight increase to 4.2% in May. The state’s nonfarm payroll employment saw a modest increase of 600 jobs in June, with the largest gains seen in industries such as health care and social assistance, financial activities, leisure and hospitality, and other services. However, professional and business services and manufacturing experienced declines during the same period.
The health care and social assistance industry in Oregon continued its rapid expansion, adding 34,000 jobs or 12.8% from January 2022 to June 2024. Employment gains in social assistance have also accelerated in recent months, with 8,800 jobs added in the past year. The health care sector saw growth in nursing and residential care facilities, ambulatory health care services, and hospitals.
Despite these gains, six major industries in Oregon saw a decline in jobs over the past year, including retail trade, professional and business services, manufacturing, construction, transportation, warehousing, and utilities, and information. These industries collectively lost thousands of jobs, contributing to a slight increase in the U.S. unemployment rate, which remained at 4.1% in June.
Overall, Oregon’s job market has shown both positive and negative trends in different industries, reflecting the broader economic fluctuations seen at both state and national levels.
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