Unemployment rate reaches 8.4 percent
Statistics from the Oregon Employment Department
Oregons seasonally adjusted unemployment rate for November was 8.4 percent, essentially unchanged from 8.6 percent in October, according to a survey by Industry Payroll Employment. The November 2011 unemployment rate was 9.1 percent.
On a seasonally adjusted basis, preliminary estimates from the federal Bureau of Labor Statistics indicate nonfarm payroll employment in Oregon rose by 600 jobs in November. The private sector added 1,400 jobs over the month, while the public sector declined by 800.
Revised estimates for October show a loss of only 800 jobs, when a loss of 2,400 was initially reported. Upward revisions were largest in professional and business services and in leisure and hospitality.
Over the past year, the BLS estimates from November 2011 to November 2012 show a seasonally adjusted job gain of 18,700 or 1.2 percent, for Oregons nonfarm payroll employment. During that time the private sector added an estimated 20,500 jobs while government lost 1,800 jobs.
The federal Bureau of Labor Statistics estimates that manufacturing has added to payrolls all year. Employment was up 5,000 since November 2011. The sectors with the largest over-the-year increases included wood products, fabricated metal products, machinery and food manufacturing.
The national unemployment rate was 7.7 percent in November and 7.9 percent in October. Oregons unemployment rate was 8.4 percent in November and 8.6 percent in October. During the first 11 months of this year, Oregons unemployment rate has been between 8.4 percent and 8.9 percent.
In November, 159,653 Oregonians were unemployed. This was 12,288 fewer individuals than in November 2011 when 171,941 Oregonians were unemployed.
For help finding jobs and training resources, visit worksourceOregon.org.
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