State unemployment rate drops to 4.8%

ASSOCIATED PRESS: The jobless rate is at its lowest level since 1995.

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The jobless rate has been steadily declining since reaching a peak of nearly 12 percent in the spring of 2009, a time when Oregon was crushed by the recession. The state labor force has grown by nearly 100,000 in the past two years, driven largely by people moving from California and elsewhere, and finding work.

Oregon added 4,300 jobs last month, led by the construction industry, after a gain of more than 9,000 jobs in January. That has sent the jobless rate plummeting to a mark last seen in April 1995.

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