Home The Latest Oregon unemployment drops to lowest rate in three years

Oregon unemployment drops to lowest rate in three years

| Print |  Email
The Latest
Tuesday, December 13, 2011

Seasonal retail hiring helped Oregon's unemployment rate fall to 9.1%, the lowest it has been in three years.

The sharp drop paralleled November’s national jobless rate, which also fell 0.4 percent, to 8.6 percent. But economists say the declines don't mean more people are finding jobs.
"Similar to the national data, the drop in the rate of unemployment is due to the number of people who exited the labor force by no longer looking for work," said Patrick Emerson, an Oregon State University economist, writing on his blog.
Oregon’s total employment, measured in a separate monthly survey, declined by 1,600 in November, following a revised loss of 600 in October. Gains in sectors including construction were offset by losses in leisure and hospitality, manufacturing, financial activities and government.

Read The Latest.

 

More Articles

OB Poll: Wineries and groceries

News
Friday, October 24, 2014

24-winethumbA majority of respondents agreed: Local vineyards should remain Oregon-owned and quality is the most important factor when determining where to eat or buy groceries.


Read more...

The 100 Best Companies survey is open

News
Friday, October 24, 2014

100-best-logo-2015 500pxw-1How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!


Read more...

Knight Vision

October 2014
Thursday, September 25, 2014
BY VIVIAN MCINERNY

Travis Knight wants to release a movie a year. Can he pull it off?


Read more...

The clean fuels opportunity

News
Monday, November 10, 2014
111014-dirtyfuel-thumbBY KIM MOORE | OB RESEARCH EDITOR

A market for low-carbon transportation fuels has a chance to flourish in Oregon if regulators adopt the second phase of the state’s Clean Fuels Program.


Read more...

Grape Expectations

October 2014
Thursday, September 25, 2014
BY HANNAH WALLACE

Well-financed outsiders from France and California are buying up vineyards and wineries in the Willamette Valley.


Read more...

Two Sides of the Coin

Contributed Blogs
Friday, September 26, 2014
0926 iphone6-thumbBY JASON NORRIS | GUEST BLOGGER

This post focuses on the recent release of the new Apple iPhone as well as Alibaba's IPO, the largest U.S. IPO in history.


Read more...

Podcast: Turn Things Around with David Marquet

Contributed Blogs
Friday, October 17, 2014
davidmarquet thumbBY TOM COX | OB BLOGGER

How can you move from a command-and-control leadership model to one of true empowerment and accountability? David Marquet did, and he took notes along the way.


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