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The unemployment rate in the State of Oregon rose once more in August 2012 to 8.9%. The rate rose 0.2% for the month, and is the now 4th consecutive month with an increase 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 roughly 175,700 people unemployed in the state, an increase of around 3,000 compared to prior month of July. There was also a drop of roughly 9,000 people from the number of employed in Oregon during the month. This, paired with a drop of nearly 6,000 in the total Oregon workforce generated the 0.2% rise in the unemployment rate in August 2012. When compared to U.S. average, Oregon's unemployment rate is currently 0.8% higher that the U.S. average in August of 8.1%. Additionally, while the U.S. rate has been largley unchanged (or even gradually lower), the rate in Oregon has been on the rise of late.
Compared to a year ago the current 8.9% rate is remains lower than the August 2011 unemployment rate of 9.5%. The number of unemployed people has gone down by around 14,000 during that time period. Moreover, the number of employed people has gone up by about 1,000. One of the largest factors in the increase is that there are around 15,000 less workers in Oregon's overall workforce. These individuals have in all likelihood either have ceased actively looking for work or left the state.
Several of the other states in the area also published higher unemployment rates in August. The State of Washington's rate increased by 0.1% in August to 8.6%. The State of Nevada's rate also increased by 0.1% to 12.1% (remaining one of the highest rates in the nation. The state of Wyoming also went up in August (by 0.1%) to 5.7%. Yet, 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 down in August.
Though the unemployment rate was up in August, many of Oregon's business types experienced positive numbers during the month. Up in August were Construction, Manufacturing, Trade Transportation & Utilities, Information, Financial Activities, Professional & Business Services, Education & Health Service, and Leisure & Hospitality. The only major business sector showing a decrease in August was Government. Mining and Logging was unchanged for the month. The business type with the largest employment numbers in August was Trade Transportation& Utilities, followed by Government.
Please check back in a few weeks when the September employment results will be published for Oregon. We'll review the state's results and see how it compares to other states in the area. Be reminded that formerly released employment statistics can changed in the future.
In August there were an roughly 175,700 people unemployed in the state, an increase of around 3,000 compared to prior month of July. There was also a drop of roughly 9,000 people from the number of employed in Oregon during the month. This, paired with a drop of nearly 6,000 in the total Oregon workforce generated the 0.2% rise in the unemployment rate in August 2012. When compared to U.S. average, Oregon's unemployment rate is currently 0.8% higher that the U.S. average in August of 8.1%. Additionally, while the U.S. rate has been largley unchanged (or even gradually lower), the rate in Oregon has been on the rise of late.
Compared to a year ago the current 8.9% rate is remains lower than the August 2011 unemployment rate of 9.5%. The number of unemployed people has gone down by around 14,000 during that time period. Moreover, the number of employed people has gone up by about 1,000. One of the largest factors in the increase is that there are around 15,000 less workers in Oregon's overall workforce. These individuals have in all likelihood either have ceased actively looking for work or left the state.
Several of the other states in the area also published higher unemployment rates in August. The State of Washington's rate increased by 0.1% in August to 8.6%. The State of Nevada's rate also increased by 0.1% to 12.1% (remaining one of the highest rates in the nation. The state of Wyoming also went up in August (by 0.1%) to 5.7%. Yet, 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 down in August.
Though the unemployment rate was up in August, many of Oregon's business types experienced positive numbers during the month. Up in August were Construction, Manufacturing, Trade Transportation & Utilities, Information, Financial Activities, Professional & Business Services, Education & Health Service, and Leisure & Hospitality. The only major business sector showing a decrease in August was Government. Mining and Logging was unchanged for the month. The business type with the largest employment numbers in August was Trade Transportation& Utilities, followed by Government.
Please check back in a few weeks when the September employment results will be published for Oregon. We'll review the state's results and see how it compares to other states in the area. Be reminded that formerly released employment statistics can changed in the future.
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Need more information on OR unemployment? If so please visit the Oregon Unemployment HQ.
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