JUNE 2008: AROUND THE STATE
Thousands of jobs lost
STATEWIDE
Troubles in the economy continue to result in Oregon job
losses, with the residential construction sector leading the
way, says Oregon state employment economist Art Ayre.
The state shed 6,800 construction jobs in the past year, and
it’s had a ripple effect, Ayre says. The financial
services sector, heavily tied to real estate, has axed 2,700
jobs since this time last year, wood products manufacturing has
lost about 2,000 jobs, and manufacturing is down 6,500
jobs.
As of April, the state’s unemployment rate was 5.5%,
down 0.2% from March. Other notable job losses in the state:
Monaco Coach Corp., the Coburg-based maker of recreational
vehicles, in April said it would cut 600 jobs, half of them in
Oregon; Daimler Trucks North America has announced it would
move 118 jobs out of the state in June; and Nationwide
Insurance says it plans to cut 240 Oregon jobs.
April shows that the outlook might be stabilizing, says Ayre.
“The bias is on the downside,” he says. “We
could have a month slightly up or slightly down.”
To comment, email feedback@oregonbusiness.com.
