Oregon’s construction industry reached a record high number of jobs in recent months, employing an average of 108,000 during the 12 months ending with October 2019. The industry added jobs steadily and rapidly in recent years, following a prolonged slump in 2009 through 2012, when employment remained near 70,000 for several years after the last recession.
Looking back 30 years, clearly theRead More
In this time of gratitude, we give thanks to you – our readers! We are grateful to be able to provide you with quality information on Oregon’s labor market so that you can make informed choices about your career, business, policy, grant, or project. On behalf of all of us at the Oregon Employment Department, Happy Thanksgiving! For Thanksgiving, we’re treating you with some fun facts related toRead More
In the last few decades, the number of people who work later than the “traditional retirement age” of 65 has grown substantially. In fact, the population of workers in their 60s and 70s has been the fastest growing segment of the labor force in the last 10 years.
The number of workers 65 and older in Oregon has more than quadrupled since 1992. People 65 and older now make up nearly 7 percentRead More
Benton County had Oregon’s lowest seasonally adjusted unemployment rate at 3.3 percent in October 2019. Other counties with some of the lowest unemployment rates in October included Hood River (3.4%), Washington (3.4%), and Multnomah (3.5%). These four counties had unemployment rates below the national rate of 3.6 percent. Ten of Oregon’s counties had unemployment rates at or below the statewideRead More
Please join us at our office to congratulate Rob Merriman on his retirement from SOREDI! Friday, November 15 1:00 – 4:30 pm 1311 E. Barnett Rd, Suite 301, Medford We will have popcorn and cake, beverages and all kinds of fun recollections – chocolate chips are optional! The only thing we are missing is YOU!Read More
Oregon’s unemployment rate was 4.1 percent in September and October. The rate has been between 4.0 percent and 4.4 percent for an unprecedented 36 consecutive months dating back to November 2016. The U.S. unemployment rate ticked up from 3.5 percent in September to 3.6 percent in October.
Other measures of Oregon’s labor force also indicated a tight labor market in recent months. FewerRead More
In 2018, the unemployment rate for veterans in Oregon was 4.8 percent, according to the Current Population Survey. Overall, Oregon’s unemployment rate was 4.2 percent in 2018. Across the U.S., veterans had a lower unemployment rate of 3.5 percent.
About 296,000 veterans lived in Oregon in 2018. More than half of veterans (162,000) were not in the labor force. This figure could be related toRead More
The U.S. economic expansion turned 10 years old this summer, making it the longest expansion in recorded history. Locally, Oregon continues to add jobs and our unemployment rate remains at or near record lows. In addition, incomes are rising and initial claims for unemployment insurance (a measure of layoffs) are down. All told, the state’s economy continues to hit the sweet spot. How long willRead More