Oregon lost another 4,300 jobs in June, more than double the number of jobs lost the prior month.<\/p>\n
It\u2019s the latest worrisome sign for the state\u2019s sagging labor market and the near-term outlook is poor, with thousands of Intel layoffs taking effect later this summer.<\/p>\n
Oregon has added just 8,700 jobs over the past 12 months, according to the state data.<\/p>\n
\u201cThat\u2019s a growth rate of 0.4%. That\u2019s really slow by historical standards,\u201d said Gail Krumenauer, economist with the Oregon Employment Department.<\/p>\n
\u201cWe\u2019re also seeing that job growth remains highly concentrated and not broad based across Oregon\u2019s economy,\u201d she said.<\/p>\n
The services, manufacturing and hospitality sectors are struggling the most, each shedding a little more than 1,000 jobs last month.<\/p>\n
No industry added that many jobs but health care performed the best, expanding by 900 jobs in June.<\/p>\n<\/p>\n
June\u2019s unemployment rate climbed to 4.9%, according to data out Wednesday from the Oregon Employment Department. <\/p>\n
That\u2019s just a slight increase from May but it extends a trend of rising joblessness that dates back more than two years, when unemployment was 3.6%. The national unemployment rate was 4.2% last month.<\/p>\n
State economists are increasingly glum about Oregon\u2019s outlook<\/a> because the state seems to be performing worse than the nation and because Oregon faces significant headwinds. <\/p>\n Intel notified state workforce officials last week that it plans to lay off nearly 2,400 Oregon workers in July<\/a> and told local elected leaders that it expects more cuts in the weeks ahead.<\/p>\n If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement<\/a> and agree that your clicks, interactions, and personal information may be collected, recorded, and\/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Oregon lost another 4,300 jobs in June, more than double the number of jobs lost the prior month.…\n","protected":false},"author":2,"featured_media":3243,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[4826,4827,4828,64,63,3409,99,4829,4830,4831,4832,4833,4834,4835,186,4836,4837,3786,4838,180,4839,4840,4841,4842,4843,4844,4845,4846,4847,4848,4849],"class_list":["post-3242","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jobs","tag-actions","tag-application-form","tag-assistance","tag-au","tag-australia","tag-benefits","tag-business","tag-concepts-and-ideas","tag-depression","tag-document","tag-downsizing","tag-economic-depression","tag-employment-issues","tag-end-of-the-line","tag-finance","tag-firing","tag-frustration","tag-government","tag-job-search","tag-jobs","tag-manual-worker","tag-meltdown","tag-no-people","tag-occupation","tag-out-of-work","tag-paperwork","tag-pen","tag-recession","tag-unemployment","tag-wages","tag-working"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/3242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=3242"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/3242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/3243"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=3242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=3242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=3242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}