April’s unemployment rate dropped from 8.2 percent to 8 percent, the lowest mark in nearly four years, according to the Oregon Employment Department.
Estimates from the federal Bureau of Labor Statistics indicate non-farm payroll employment rose by 3,700 jobs in April.
The federal government estimates that construction employment dropped by 1,200 jobs. Manufacturing, leisure and hospitality added a combination of 4,300 new jobs.
Nick Beleiciks is a state employment economist.
He explained, “Over the last year we’ve seen kind of average job growth, which ends up being a little disappointing cause we’d like to see more jobs being added coming out of the recession. However, the good news is it looks like job growth has picked up a little bit in the last four months.”
Beleiciks explains that Oregon’s unemployment rate has been dropping since April of last year. The most recent figures show that more than 145,000 Oregonians are still unemployed after adjusting for seasonal patterns.
Oregon’s seasonally-adjusted, nonfarm employment has risen for seven consecutive months.
OPB | Feb. 22, 2017