Decades-low unemployment rate hovers as state adds more jobs
Oregon added 8,500 jobs in June as unemployment held steady at 3.7 percent, nearly its lowest point in decades.
May's unemployment rate was 3.6 percent. A year ago, the state's unemployment rate was 5.1 percent.
Oregon employment officials said last week that June's job gains were the largest since February 2016, when 9,600 jobs were added. Nearly all of the state's major industries added jobs last month, according to the state. Leisure and hospitality added the most at 2,100 jobs. Strong hiring also was seen in construction (up 1,600 jobs) and manufacturing (up 1,400).
The only major industry to cut jobs was financial industries, which dropped 800 jobs.
State officials said a sign that Oregon's labor market is tightening is that there are fewer Oregonians who have been unemployed for more than six months. That number dropped to 10,700 in June, the lowest since 2002. The number of people who have stopped looking for work in the past year, and those working part-time who want to work full-time, dropped to 7.4 percent in June, officials said.