In December 2020, 27 out of 36 of Oregon’s counties experienced over-the-month increases in their unemployment rates. Oregon’s unemployment rate increased by 0.4 percentage point between November and December, and eight of Oregon’s counties followed the state with a loss of 0.4 percentage point or more. Deschutes County saw the largest over-the-month increase, jumping from 6.7% in November to 7.6
Unemployment
Oregon’s Nonfarm Payrolls Shed 25,500 Jobs in December
Oregon lost 25,500 jobs in December, and the unemployment rate rose to 6.4%. Oregon closed out 2020 having added back 37% of the 285,000 jobs we lost in the spring. Job losses also occurred nationally (-140,000) in December, and the U.S. unemployment rate remained at 6.7%. The U.S. has regained 56% of jobs lost in the COVID-19 recession. Three sectors in Oregon topped the list in terms of most
November 2020 Employment and Unemployment in Oregon’s Counties
In November 2020, all of Oregon’s 36 counties experienced over-the-month decreases in their unemployment rates. In 33 counties, unemployment rates dropped by half a percentage point or more. Lincoln, Josephine, and Sherman counties experienced the largest over-the-month decreases at 1.1 percentage points each. Lincoln County had Oregon’s highest seasonally adjusted unemployment rate in November
November 2020 Employment and Unemployment in Oregon’s Counties
In November 2020, all of Oregon’s 36 counties experienced over-the-month decreases in their unemployment rates. In 33 counties, unemployment rates dropped by half a percentage point or more. Lincoln, Josephine, and Sherman counties experienced the largest over-the-month decreases at 1.1 percentage points each. Lincoln County had Oregon’s highest seasonally adjusted unemployment rate in November
Oregon Adds 4,200 Jobs in November
Oregon’s unemployment rate dropped to 6.0% in November from 6.8%, as revised, in October. This put Oregon’s rate below the U.S. unemployment rate which dropped to 6.7% in November from 6.9% in October. “On Nov. 18th, Oregon implemented a ‘freeze’ to combat the rise of COVID-19 in the state. This employment press release covers Oregon’s employment situation just prior to the ongoing freeze, which
October 2020 Employment and Unemployment in Oregon’s Counties
In October 2020, all of Oregon’s 36 counties experienced over-the-month decreases in their unemployment rates. In 32 counties, unemployment rates dropped by half a percentage point or more. Lincoln County experienced the largest over-the-month decrease at 1.9 percentage points.Lincoln County had Oregon’s highest seasonally adjusted unemployment rate in October at 8.7 percent. Other counties with
Oregon’s Unemployment Rate Drops to 6.9 Percent in October
Oregon’s unemployment rate dropped to 6.9 percent in October
from 7.9 percent, as revised, in September. For the past few months, Oregon’s
unemployment rate has closely tracked the national unemployment rate which also
fell to 6.9 percent in October from 7.9 percent in September.
Oregon’s total nonfarm payroll employment rose by 14,200
jobs in October, following a revised gain of 9,300 jobs in
Disparate Impact: COVID-19 Job Losses by Sector and Gender in Oregon
Every recession is unique, with varying impacts on workers in different parts of the economy. The dot com recession in 2001 hit high-tech harder than other sectors. Construction bore the hardest brunt of job losses during the Great Recession. Eight months into the COVID-19 downturn, we’re seeing yet another unique set of disparate impacts in Oregon and nationwide.Initial ImpactIn March and April,
Oregon’s Beveridge Curve Shows Less Efficency Finding Jobs
Last Friday, we shared details about summer hiring demand in Oregon. With two quarters of Job Vacancy Survey data in the COVID-19 recession, this seemed a good time to take a look at Oregon’s Beveridge Curve.The Beveridge Curve shows the relationship between the job openings rate (vacancies/labor force) and the unemployment rate. Note the labor force includes all those ages 16+ who are either
Oregon’s Job Growth Slows to 5,100 in September
Oregon’s unemployment rate dropped to 8.0 percent in September from 8.5 percent, as revised, in August. For the past few months, Oregon’s unemployment rate has closely tracked the national unemployment rate which fell to 7.9 percent in September from 8.4 percent in August. Oregon’s total nonfarm payroll employment rose by 5,100 jobs in September, following a revised gain of 16,200 jobs in August.