Thursday, April 2, 2020

Oregon’s Low Unemployment Rate Continues in April

Latest articles

Carjacking in Otis: Three arrested, one ‘armed and dangerous’ still at large

A Lincoln County Sheriff's Office investigation has led to the arrest of three individuals surrounding a carjacking in Otis Monday night and a fourth suspect remains at large and is considered armed and dangerous.

CARES Act Offers Help for Investors, Small Businesses

As we go through the coronavirus crisis, we are all, first and foremost, concerned about the health of our loved ones and communities.

Researcher’s projections suggest social distancing working, should last until May

The most recent data suggests that current social distancing measures could cut transmission rates between 50-70 percent if Oregonians maintain limitations on virus-spreading interactions into early May.

Lincoln County receives social distancing “A” rating

Unacast, a data company that provides cellphone location data and analysis, recently revealed a product called the Social Distancing Scoreboard. The scoreboard provides letter grades for every county and state in America based on how residents are practicing social distancing. 

Third Lincoln County resident tests positive for COVID-19

Lincoln County Public Health announced today another positive case of COVID-19. The new case brings Lincoln County’s total to 3 confirmed cases. 

Column: It’s a small world after all

In my community college course we discuss how Earth’s population growth can impact our environment and increase disasters.

Second Lincoln County resident tests positive for COVID-19

Lincoln County Public Health announced today Lincoln County’s second positive case of COVID-19, bringing Lincoln County’s total to two confirmed cases.

Lincoln County call center answers any and all questions

Lincoln County Emergency Public Information Call Center is answering the public's questions and keeping mental health in check with trained volunteers to take pressure off of essential services.

Chinook Winds lays off staff, cancels hotel reservations

Chinook Winds Casino Resort announced Monday night it will stay closed through at least April 15, lay off employees and cancel hotel bookings due to Covid-19.

Lil Sambos opens with custom-built drive-up window

Lil Sambo's has been a coastal landmark since the 50s and recently closed along with myriad other restaurants due to COVID-19, but restaurateur Cary Moore has built a drive-up window to bring pancakes and bacon to the sheltered masses.

unemployment

Oregon’s unemployment rate was 4.1 percent in March and April. For 16 consecutive months, the rate has been close to 4.1 percent, its lowest level since comparable records began in 1976. The U.S. unemployment rate dropped to 3.9 percent in April, from 4.1 percent in March.

In April, Oregon’s nonfarm payroll employment dropped by 2,900 jobs, following a revised gain of 5,000 jobs in March. This was Oregon’s first monthly job decline in 16 months. The last decline was in December 2016.

In April, three major industries declined by more than 1,000 jobs. Retail trade dropped by 2,500 jobs, following a gain of 2,400 in March. Health care and social assistance cut 1,400 jobs in April following a gain of 800 during the prior two months. Professional and business services declined by 1,100 jobs and is now down 2,200 since its peak of 244,900 jobs in November 2017.

Meanwhile, seven of Oregon’s major industries added jobs in April, led by leisure and hospitality (+600 jobs) and construction (+500).

Over the past few years Oregon’s economy gradually decelerated, from very rapid growth a few years ago, to moderate growth over the past year. In the past 12 months 29,600 jobs were added, which is a gain of 1.6 percent. This rate of growth is a slowdown from the more rapid expansion during the prior few years when Oregon’s job gains peaked in mid-2015 at 3.7 percent.

Oregon’s annual job gains have been above 1.6 percent since March 2013. Oregon had been adding jobs at a faster pace than the U.S., but now is growing jobs at the same pace as the nation, since U.S. jobs also expanded by 1.6 percent during the past 12 months.

The Oregon Employment Department and the U.S. Bureau of Labor Statistics (BLS) work cooperatively to develop and publish monthly Oregon payroll employment and labor force data. The estimates of monthly job gains and losses are based on a survey of businesses. The estimates of unemployment are based on a survey of households and other sources.

The Oregon Employment Department publishes payroll employment estimates that are revised quarterly by using employment counts from employer unemployment insurance tax records. All department publications use this Official Oregon Series data unless noted otherwise. This month’s release incorporates the October, November and December 2017 tax records data. In addition, data for July through September 2017 were revised upward by a total of 500 to 1,300 jobs per month. The department continues to make the original nonfarm payroll employment series available; these data are produced by the BLS.

Effective with the January 2018 data, employment of Oregon’s approximately 17,000 home care workers are counted in private health care and social assistance instead of state government. The change was due to legislative action clarifying that for purposes of workforce and labor market information, home care workers are not employees of state government. The reclassification affects private sector and government monthly change figures for January 2018 and will affect over-the-year change figures through December 2018. It does not affect total payroll employment levels.

 

- Advertisement -
Justin Werner
Justin Wernerhttps://wernerhost.com/
Justin Werner is founder and publisher of Lincoln City Homepage and a journalist reporting news for the fine citizens of Lincoln City, Oregon and beyond. He's on a mission to seek out truth and isn't afraid to be the tip of the spear for freedom of the press. When he's not wearing his reporter hat, you can find him enjoying the Oregon Coast with his wife and three children.

Related articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here