The unemployment rate in the State of Oregon rose once again in August 2012 to 8.9%. The rate rose 0.2% for the month, and is the now 4th consecutive month with an rise in Oregon. Furthermore, the 8.9% rate is now the highest in the state for all of 2012 (0.1% over the January rate of 8.8%).
In August there were an around 175,700 workers unemployed in the state, a rise of about 3,000 compared to prior month of July. There was also a drop of approximately 9,000 people from the number of employed in Oregon during the month. This, paired with a drop of almost 6,000 in the total Oregon workforce led to the 0.2% rise in the unemployment rate in August 2012. Compared to the U.S. average, Oregon's unemployment rate is now 0.8% higher that the U.S. average in August of 8.1%. Moreover, while the U.S. rate has been largley unchanged (or even gradually lower), the rate in Oregon is on the rise of late.
Compared to August 2011 when the unemployment rate in Oregon was 9.5%, the current 8.9% rate is remains much improved. Over the past 12 months the number of unemployed workers has been reduced by around 14,000. Additionally, the total number of employed workers in Oregon has gone up by roughly 1,000. Lastly, compared to a year ago there are approximately 15,000 less people in the total civilian workforce. These workers have possibly either decided to leave the or have stopped actively looking for employment.
Several neighboring states in the region have also seen their recent unemployment rates trend upwards. The State of Washington has had it's rate increase by 0.1% in August to 8.6%. Nevada, currently with one of the highest rates in the united states, saw it's unemployment rates increase (0.1%) in August to 12.1%. The state of Wyoming also went up in August (by 0.1%) to 5.7%. Having said that, several regional states did see decreases in August 2012. Both the States of California (down 0.1% to 10.6%) and Idaho (down 0.1% to 7.4%) were lower in August.
Many of Oregon's industries experienced good results during the month (even thought the state's rate was higher). Businesses with positive numbers in August were Construction, Manufacturing, Education & Health Service, Trade Transportation & Utilities, Information, Financial Activities, Professional & Business Services, and Leisure & Hospitality. The only business sector showing a decrease in August was Government while Mining and Logging was static for the month. Trade Transportation& Utilities continued to have the largest employment numbers in August, followed by Government.
The employment results for Oregon for September 2012 will be published later this month. When the are we'll review the state's results and see how it compares to prior years and months, and to other states in the area. Don't forget that formerly released employment statistics can modified in the future.
In August there were an around 175,700 workers unemployed in the state, a rise of about 3,000 compared to prior month of July. There was also a drop of approximately 9,000 people from the number of employed in Oregon during the month. This, paired with a drop of almost 6,000 in the total Oregon workforce led to the 0.2% rise in the unemployment rate in August 2012. Compared to the U.S. average, Oregon's unemployment rate is now 0.8% higher that the U.S. average in August of 8.1%. Moreover, while the U.S. rate has been largley unchanged (or even gradually lower), the rate in Oregon is on the rise of late.
Compared to August 2011 when the unemployment rate in Oregon was 9.5%, the current 8.9% rate is remains much improved. Over the past 12 months the number of unemployed workers has been reduced by around 14,000. Additionally, the total number of employed workers in Oregon has gone up by roughly 1,000. Lastly, compared to a year ago there are approximately 15,000 less people in the total civilian workforce. These workers have possibly either decided to leave the or have stopped actively looking for employment.
Several neighboring states in the region have also seen their recent unemployment rates trend upwards. The State of Washington has had it's rate increase by 0.1% in August to 8.6%. Nevada, currently with one of the highest rates in the united states, saw it's unemployment rates increase (0.1%) in August to 12.1%. The state of Wyoming also went up in August (by 0.1%) to 5.7%. Having said that, several regional states did see decreases in August 2012. Both the States of California (down 0.1% to 10.6%) and Idaho (down 0.1% to 7.4%) were lower in August.
Many of Oregon's industries experienced good results during the month (even thought the state's rate was higher). Businesses with positive numbers in August were Construction, Manufacturing, Education & Health Service, Trade Transportation & Utilities, Information, Financial Activities, Professional & Business Services, and Leisure & Hospitality. The only business sector showing a decrease in August was Government while Mining and Logging was static for the month. Trade Transportation& Utilities continued to have the largest employment numbers in August, followed by Government.
The employment results for Oregon for September 2012 will be published later this month. When the are we'll review the state's results and see how it compares to prior years and months, and to other states in the area. Don't forget that formerly released employment statistics can modified in the future.
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