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Unemployment rate low

Oregon’s seasonally adjusted unemployment rate in November marked Oregon’s lowest unemployment rate since September 2008, according to figures recently released by the Oregon Employment Department. In November, the rate fell to 7.3 percent from 7.6 percent in October.

Rapid declines in Oregon’s unemployment rate over the past three months have put Oregon’s level of unemployment closer to the national statistics, which showed a 7 percent level for November.

There were 130,900 Oregonians unemployed compared with 156,300 one year ago.

This month’s report found that retail trade accelerated its hiring trend as food stores, auto dealers and holiday hiring were all strong.

In November, retail employed 201,500, which was 5,900 employees more than in November 2012.

Construction continued to surge ahead, adding 500 on a seasonally adjusted basis in November, following a gain of 700 the prior month.

Over the year, construction expanded the fastest of all the major industries, having grown 11.8 percent, or 8,100 jobs, since November 2012.

Employment experts foresee the construction industry continuing to gain jobs into the spring and summer.



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