Oregon unemployment falls to 9.3 percent


Oregon unemployment has dropped to 9.3 percent, all but closing the gap with the nation for the first time in more than three years.

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Oregon unemployment has dropped to 9.3 percent, all but closing the gap with the nation for the first time in more than three years.

The state’s seasonally adjusted jobless rate fell in May to within 0.2 percentage point of the nation’s 9.1 percent level, a gap that economists said Tuesday was not statistically significant. In five months, Oregon unemployment has dropped 1.3 percentage points as the economy has gained momentum.

But a separate monthly survey shows state job growth, which averaged nearly 6,000 a month from October through February, has stalled during the last few months amid rising gas prices and economic fallout from Japan’s disasters. Oregon added 1,300 payroll jobs in May, after adding 1,100 in April and losing 2,000 in March, seasonally adjusted. 

Read more in today’s Oregonian.




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