Oregon Employment Trend Takes a Breather After Five Strong Months
By Oregon Employment Department
Oregon’s seasonally adjusted unemployment rate was 10.0 percent in March, essentially unchanged from 10.2 percent in February. March marked Oregon’s lowest unemployment rate in 26 months. Oregon’s rate has not been lower since January 2009, when the rate was 9.9 percent. In March, 208,420 Oregonians were unemployed.
In March, Oregon’s seasonally adjusted nonfarm payroll employment dropped by 2,500, following a gain of 9,700 in February. The drop in March follows five consecutive months of rapid job gains from October through February.
Construction dropped by 500 jobs in March, when a gain of 700 is the normal seasonal movement. Heavy and civil engineering construction dropped 300 jobs and is now down 500 from March 2010.Read the full article and discuss it »