Oregon Unemployment Rate Flat
Oregon Unemployment Rate Flat – On 13th July, 2010 the latest unemployment rate released for Oregon is 10.5 percent. For the most recent eight months, the rate has been between 10.5 and 10.7 percent. In June 2009, Oregon’s unemployment rate was 11.6 percent, which joined May 2009 as Oregon’s highest unemployment rate since the early 1980s.
Cooke, a guest Wednesday morning on Wake Up Bend!, said after the unemployment rate hit 11.6% in the spring of 2009, figures started to drop, but have since late last year. He added the eight months without the employment figure changing very unusual. “This 10.5% unemployment rate is the highest Oregon has had since the early 1980s, during that recession. So, this recovery period, the rate remains stubbornly high.”
In June, Educational and health services cut only 2,400 jobs, when a loss of 4,100 is the normal seasonal pattern. Private educational services was the primary reason for the better-than-normal showing in June, as the published figure was a cut of only 1,600 jobs during the start of the summer break. Employing 28,800, educational services was 200 above it’s year-ago figure.
Government employment declined due mainly to the ending of 2,600 temporary Census jobs in June. Most of the major industries saw monthly job changes that were close to their normal seasonal pattern in the private sector. The biggest exception was in professional and business services, which posted a seasonally adjusted job decline of 2,500. In March, Manufacturing rose by 1,100 jobs on a seasonally adjusted basis, reaching a total of 162,400 jobs. This puts the industry back where it was during August through December 2009.
In June, Government shed 3,500 jobs at a time of year when a loss of only 300 is expected because of seasonality. The ending of work for 2,611 intermittent Census workers reduced both federal government and total government for June, subtracting from the 6,403 individuals who were working for the Census in May.
There was a substantial upward revision to the May payroll employment numbers. The originally reported seasonally adjusted totals showed no change between April and May. Revised numbers show a gain of 2,600 jobs. The upward revisions were spread across several service-providing industries: government; educational and health services; professional and business services; and trade, transportation, and utilities.
Tags: 1980s, Adjusted Basis, Census Workers, Decline, Eight Months, Employment Figure, Federal Government, Government Employment, Health Services, Oregon Unemployment, Private Educational Services, Private Sector, recession, Recovery Period, Seasonal Pattern, Seasonality, Summer Break, Time Of Year, unemployment rate, Wednesday Morning
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