March unemployment rate drops to 41-year low
Oregon added about 2,400 new jobs in March as the state's unemployment rate dipped to 3.8 percent, a new 41-year low.
State officials said Tuesday, April 18, that the unemployment rate dropped from 4 percent in February, the lowest it had been since the state began keeping records on the rate in 1976.
The addition of 2,400 jobs was down from February's 7,600 job gains. Three industries — professional and business services, government and manufacturing — added at least 1,000 jobs last month. Only the financial activities sector dropped 1,300 jobs in March.
Since March 2016, construction in the state grew the fastest, adding 8,200 jobs.