Local News

Oregon Jobs Report is Out

Encouraging news for Oregon's economy. In October, we saw the biggest one month increase in the number of jobs in more than four years.   “We did see a surprise in the payroll employment numbers, they were up by 7600 jobs on a seasonally adjusted basis. That is strong growth for one month. So, we have seen payroll employment growing now for several major industries including trade, transportation, utilities, business, and financial services.” However, Labor Economist David Cooke says the official unemployment rate is unchanged from last month at 10.5% percent. That is due to in-migration and young people entering the job market.    The latest quarterly revenue forecast by the state of Oregon calls for very gradual growth in the state's economy in payroll employment. Education and health services were up 2300 and government was up 3500 jobs.

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