People of Northwest Public Radio
Oregon Unemployment Rate
Tue September 18, 2012
Oregon's Unemployment Increases
Oregon’s seasonally adjusted unemployment rate increased two-tenths of a percent in August to 8.9 percent. Since reaching a peak of about 11.5 percent during the recent recession, Oregon's unemployment rate had been falling - albeit very slowly. But since May, it's been climbing again from a low of 8.4 percent to now 8.9 percent.
Employment Department Economist Nick Beleiciks says Oregonians shouldn't attach too much significance to the change over the summer, because the number of jobs has actually increased since May by almost 11,000.
Beleiciks: "We're seeing pretty normal job growth. If you're hesitant about not being able to find a job, you know it's still a tough market because there's a lot of people competing for those jobs, but the economy is adding jobs at sort of a normal rate right now."
Jobs were added in the construction industry, the financial services sector, private education and in health care. The government sector lost 800 jobs.
Unlike Oregon, the national unemployment rate dropped in August from 8.3 percent to 8.1 percent.
Copyright 2012 Oregon Public Broadcasting