Oregon's Unemployment Rate Climbs in July
Government cut 28,300 jobs in July as the summer education reductions took hold.
(PORTLAND, Ore. ) - Oregon's seasonally adjusted unemployment rate rose to 5.5 percent in July from 5.1 percent in June.
The U.S. seasonally adjusted unemployment rate was 4.6 in July and 4.5 percent in June. In July, Oregon’s seasonally adjusted nonfarm payroll employment rose by 2,100, following a loss of 1,600 in June. Industry Payroll Employment (Establishment Survey Data)
Seasonally adjusted payroll employment gained 2,100 jobs, about equal to the 2,000 average monthly job gain so far this year.
Government, manufacturing, and construction each trended above their normal seasonal patterns, while two major industry sectors performed below their typical seasonal pattern: professional and business services and educational and health services. Government cut 28,300 jobs in July as the summer education reductions took hold. This was not as steep of a drop as seasonal factors would predict.
State government education, which is made up primarily of Oregon University System employers, was down 5,700 jobs for the month and is about level with its July 2006 employment total.
Meanwhile, local government education, which included K through 12 schools and community colleges, was off by 23,400 jobs in July and is now 3,300 above its July 2006 figure. Manufacturing added 2,500 jobs, which was about double its normal July gain.
Another positive for the industry was that the June jobs figures were revised upward by 1,200.
In July, durable goods performed in line with its typical July seasonality by adding 800 jobs, while nondurable goods bounced back after a couple of weak months.
Over the past 12 months, manufacturing remains down by 7,100 jobs or 3.3 percent.
The employment situation hasn’t improved much recently for wood products, computer and electronic products, or transportation equipment.
Each of these three industries has cut employment by 1,600 or more over the past 12 months. Construction posted a gain of 3,900 jobs, which was 1,200 above its normal seasonal pattern.
However, about 1,500 of this gain was due to the return of drywall workers who were not included in the June employment figures due to a labor dispute.
Declines in building permits this year compared with the prior year are indications of a housing market that isn’t as red hot as a year ago.
Residential building construction has seen its employment down 400 in the past 12 months.
Overall, construction is up 1,400 in the past 12 months. This 1.3 percent gain puts construction at its highest July level ever. Professional and business services showed the biggest pullback of the major industry categories, cutting 2,200 jobs, at a time of year when it normally would add 1,200.
Employment services was a major part of the decline as it cut an estimated 2,300 jobs in July.
Several large temporary help supply firms in the Portland metro area reported less business.
This industry employed 40,900 in July, which is about the same level as its annual average in 2005 and in the late 1990s, but down from its year-ago figure of 43,800. Educational and health services cut 2,500 jobs in July, which was a bigger drop than normal. Despite the one-month setback, the industry has maintained its longer-term trend of rapid job gains.
Over the past four years, private education has produced an average gain of close to four percent per year, while health care and social services has grown at an average annual rate of nearly 2.5 percent over that time. Unemployment (Household Survey Data)
Oregon’s seasonally adjusted unemployment rate was 5.5 percent in July, rising from 5.1 percent in June.
It remains close to levels seen throughout the past 19 months, when the rate ranged from 5.0 percent to 5.5 percent.
In July, 103,431 Oregonians were unemployed, compared with 103,313 in July 2006.
(PORTLAND, Ore. ) - Oregon's seasonally adjusted unemployment rate rose to 5.5 percent in July from 5.1 percent in June.
The U.S. seasonally adjusted unemployment rate was 4.6 in July and 4.5 percent in June. In July, Oregon’s seasonally adjusted nonfarm payroll employment rose by 2,100, following a loss of 1,600 in June. Industry Payroll Employment (Establishment Survey Data)
Seasonally adjusted payroll employment gained 2,100 jobs, about equal to the 2,000 average monthly job gain so far this year.
Government, manufacturing, and construction each trended above their normal seasonal patterns, while two major industry sectors performed below their typical seasonal pattern: professional and business services and educational and health services. Government cut 28,300 jobs in July as the summer education reductions took hold. This was not as steep of a drop as seasonal factors would predict.
State government education, which is made up primarily of Oregon University System employers, was down 5,700 jobs for the month and is about level with its July 2006 employment total.
Meanwhile, local government education, which included K through 12 schools and community colleges, was off by 23,400 jobs in July and is now 3,300 above its July 2006 figure. Manufacturing added 2,500 jobs, which was about double its normal July gain.
Another positive for the industry was that the June jobs figures were revised upward by 1,200.
In July, durable goods performed in line with its typical July seasonality by adding 800 jobs, while nondurable goods bounced back after a couple of weak months.
Over the past 12 months, manufacturing remains down by 7,100 jobs or 3.3 percent.
The employment situation hasn’t improved much recently for wood products, computer and electronic products, or transportation equipment.
Each of these three industries has cut employment by 1,600 or more over the past 12 months. Construction posted a gain of 3,900 jobs, which was 1,200 above its normal seasonal pattern.
However, about 1,500 of this gain was due to the return of drywall workers who were not included in the June employment figures due to a labor dispute.
Declines in building permits this year compared with the prior year are indications of a housing market that isn’t as red hot as a year ago.
Residential building construction has seen its employment down 400 in the past 12 months.
Overall, construction is up 1,400 in the past 12 months. This 1.3 percent gain puts construction at its highest July level ever. Professional and business services showed the biggest pullback of the major industry categories, cutting 2,200 jobs, at a time of year when it normally would add 1,200.
Employment services was a major part of the decline as it cut an estimated 2,300 jobs in July.
Several large temporary help supply firms in the Portland metro area reported less business.
This industry employed 40,900 in July, which is about the same level as its annual average in 2005 and in the late 1990s, but down from its year-ago figure of 43,800. Educational and health services cut 2,500 jobs in July, which was a bigger drop than normal. Despite the one-month setback, the industry has maintained its longer-term trend of rapid job gains.
Over the past four years, private education has produced an average gain of close to four percent per year, while health care and social services has grown at an average annual rate of nearly 2.5 percent over that time. Unemployment (Household Survey Data)
Oregon’s seasonally adjusted unemployment rate was 5.5 percent in July, rising from 5.1 percent in June.
It remains close to levels seen throughout the past 19 months, when the rate ranged from 5.0 percent to 5.5 percent.
In July, 103,431 Oregonians were unemployed, compared with 103,313 in July 2006.
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