Oregon employers created 8,800 jobs in August but the unemployment rate increased to 8.9%.
The seasonally adjusted job growth numbers are strong, but economists caution that they could change as more data are collected and analyzed. Oregon employers haven’t created 8,800 jobs in one month since November 2005.
August was the sixth consecutive month that payroll employment has grown. Seven of the 10 major private-sector industries posted seasonally adjusted gains of at least 600 jobs, while none showed a loss. Construction employment jumped more than expected, and record-low interest rates led to more work at mortgage brokers.
Read more at The Register-Guard.