Home Archives June 2008 Thousands of jobs lost

Thousands of jobs lost

| Print |  Email
Sunday, June 01, 2008

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 This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

More Articles

Portland rises

News
Monday, August 18, 2014

IMG 2551Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


Read more...

College Hacker

September 2014
Wednesday, August 27, 2014
BY KLINT FINLEY

Treehouse CEO Ryan Carson builds a 21st-century trade school.


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...

Register for 100 Best Companies survey

News
Wednesday, August 20, 2014
OBM-100-best-logo-2015 150pxwBy Kim Moore | OB Editor

The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.


Read more...

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...

A Good Leap Forward

September 2014
Wednesday, August 27, 2014
BY AMY MILSHTEIN

Agriculture businesses ramp up to meet international demand as workforce and succession challenges loom.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS