Jobs are still being lost

While the state’s unemployment rate dropped to 11.5%, it came with a loss of 10,300 jobs.

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Oregon’s unemployment rate fell to 11.5% in September, down from the 12% rate in August. But thousands more jobs were lost as well.

“The reason for this decline was largely due to a decline in the number of people estimated as being unemployed,” said Art Ayre, state employment economist. An estimated 211,529 Oregonians were unemployed in September, down 19,668 from 231,197 in August, department figures show.

“The reasons for this larger-than-normal drop are not clear to us,” Ayre said. “But they could include people dropping out of the labor force to go back to school in the fall, or discouragement about the prospects of finding a job, or also, possibly, increased confidence in the economy and reduced feeling of needing to find a job.”

Read the full story at The Register-Guard.

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