People of Northwest Public Radio
Oregon Unemployment Rate
Tue October 16, 2012
Oregon's Unemployment Rate Virtually Unchanged In September
New data released Tuesday by the Oregon Employment Department show the state's unemployment rate held steady in September, coming in at a seasonally adjusted 8.7 percent. Economists blame the results on weaker than expected seasonal job growth.
Oregon employers did add jobs in September, but far fewer than economists are used to seeing once school comes back in session. After accounting for those seasonal fluctuations, Oregon had a net loss of 7,900 jobs last month. That loss comes after a large gain in August of 5,100 jobs.
David Cooke is an economist with the Oregon Employment Department. He says despite the recent volatility, job growth over the last 12 months has remained flat.
"The total non-farm figure is up 10,100 jobs, which is growth of 0.6 percent."
Meanwhile, Oregon's unemployment rate is nearly a full percentage point above the national rate of 7.8 percent. According to the state Employment Department, more than 150,000 Oregonians are looking for work.
Copyright 2012 Oregon Public Broadcasting