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Oregon unemployment rate drops to lowest since March 2020 – Portland, Oregon

Portland, Oregon 2021-09-14 13:29:01 –

Portland, Oregon (KOIN) — Oregon’s unemployment rate fell to 4.9% in August. This is the lowest rate since 3.6% in March 2020, according to a new report from the Oregon Department of Employment.

In July 2021, the unemployment rate was 5.2% in the state (5.4% to 5.2%), followed by a similar decline in the unemployment rate across the country.

According to the report, Oregon’s unemployment rate has fallen below 5% for the third time since 1976.

The other two periods, when the state fell below 5%, reportedly had a low unemployment rate of 4.5% for 14 consecutive months in the mid-1990s and 51 consecutive months from 2016 to March 2020. was.

According to OED, some industries are recovering more than others, and the healthcare and social support sector still lacks 10,400 jobs since its peak in February 2020.

Oregon unemployment rate drops to lowest since March 2020 Source link Oregon unemployment rate drops to lowest since March 2020

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