Oregon unemployment drops to 9.6 percent


Oregon’s jobless rate fell to 9.6% in April, its lowest point in more than two years.

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Oregon’s jobless rate fell to 9.6% in April, its lowest point in more than two years.

The seasonally adjusted jobless rate was the lowest since 9.2 percent in December 2008, primarily due to an increase in new jobs, agency officials said. The rate has hovered in the mid-10 percent range for about a year after hitting a high of 11.6 percent in June 2009. The state also revised the March jobless figure down slightly from 10 percent to 9.9 percent.

“Businesses are ready to start hiring again, they’re feeling more confident about the future,” said Nick Beleiciks, an economist with the Oregon Employment Department.

Read more at Bloomberg Businessweek.

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