Oregon' August 2012 unemployment rate increased once more to 8.9%. The rate was up 0.2% and was the now 4th subsequent month with an increase.. Moreover, the 8.9% rate is now the highest rate in Oregon for 2012 (0.1% over the January rate of 8.8%).
In August there were an roughly 175,700 people unemployed in the state, a rise of about 3,000 compared to preceding month of July. There was also a drop of around 9,000 individuals from the number of employed in Oregon during the month. This, in addition to a drop of nearly 6,000 in the total Oregon workforce resulted in the 0.2% rise in the unemployment rate in August 2012. When compared to national 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 is on the rise of late.
Looking back on the past year, the current 8.9% rate is still lower than the August 2011 unemployment rate of 9.5%. During the past year, the number of unemployed workers has gone down by approximately 14,000. Moreover, the total number of employed workers has increase by approximately 1,000. A big change, however, from a year previously is that there are approximately 15,000 fewer people in Oregon's overall workforce. These workers have likely either left the state or have stopped actively looking for work.
Several of the other states in the region also published higher unemployment rates in August. The State of Washington's rate grew 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 major business sectors saw good results 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 business type showing a decrease in August was Government. Mining and Logging was unchanged for the month. The industry with the biggest employment numbers in August was Trade Transportation& Utilities, followed by Government.
Please check back in a few weeks when the September employment statistics will be published for Oregon. We'll review the state's results and see how it measures up to other states in the region. Don't forget that previously released employment statistics can modified in the future.
In August there were an roughly 175,700 people unemployed in the state, a rise of about 3,000 compared to preceding month of July. There was also a drop of around 9,000 individuals from the number of employed in Oregon during the month. This, in addition to a drop of nearly 6,000 in the total Oregon workforce resulted in the 0.2% rise in the unemployment rate in August 2012. When compared to national 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 is on the rise of late.
Looking back on the past year, the current 8.9% rate is still lower than the August 2011 unemployment rate of 9.5%. During the past year, the number of unemployed workers has gone down by approximately 14,000. Moreover, the total number of employed workers has increase by approximately 1,000. A big change, however, from a year previously is that there are approximately 15,000 fewer people in Oregon's overall workforce. These workers have likely either left the state or have stopped actively looking for work.
Several of the other states in the region also published higher unemployment rates in August. The State of Washington's rate grew 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 major business sectors saw good results 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 business type showing a decrease in August was Government. Mining and Logging was unchanged for the month. The industry with the biggest employment numbers in August was Trade Transportation& Utilities, followed by Government.
Please check back in a few weeks when the September employment statistics will be published for Oregon. We'll review the state's results and see how it measures up to other states in the region. Don't forget that previously released employment statistics can modified in the future.
Post a Comment 0 comments: