Oregon’s unemployment rate was stagnant in October at 10.5%, but many industries are adding jobs.
Oregon’s unemployment rate was stagnant in October at 10.5%, but many industries are adding jobs.
The private sector is finally showing some signs of recovery.
Oregon employment officials said Wednesday that in October, the state added 7,600 jobs, following a loss of 400 jobs in September. It was the state’s largest one-month nonfarm payroll increase since December 2005, when 8,700 jobs were added.
Private-sector employment has added jobs in four of the past five months. Since its recent low point of 1.29 million in March, private payroll employment has gained 11,800 jobs, or 0.9 percent. During recent months, several major industries have shown an upward trend in payroll employment. Since reaching a low point in December, professional and business services has added 5,000 jobs.
Read more at The Estacada News.
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