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Oregon sees one of nation's steepest increases in unemployment claims

The number of Americans seeking unemployment benefits dipped slightly last week, but increased in Oregon by 416.

The number of Americans seeking unemployment benefits dipped slightly last week, but increased in Oregon by 416.

That is one of the steepest increases in the nation.

Despite the recent declines, [nationwide] applications are stuck above 400,000, where they have been for all but two weeks since March. Applications need to fall consistently below 375,000 to signal sustainable job growth. They haven't been below that level since February.
Michael Gapen, an economist at Barclays Capital, said the report suggests layoffs have stabilized at the lowest levels since the spring. If growth picks up, it could boost hiring.

Read more at OregonLive.com.

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Last modified onMonday, 19 October 2015 11:40
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