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Local News

Oregon's August Unemployment Rate Continues Around Eight Percent


The jobless rate in August was 8.1 percent, essentially unchanged from 8 percent in July.

 

State Economist Nick Bielichicks breaks down where jobs are being added and cut.

 

"Education and health services added 2500 jobs and manufacturing added 1200 jobs.  Financial activities, which is real estate and banking lost about 1300 jobs in August."

 

Unlike most private sector major industries in Oregon, financial services has shown no net recovery over the past six years.

 

 


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