{"id":66685,"date":"2025-08-14T03:49:07","date_gmt":"2025-08-14T03:49:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/66685\/"},"modified":"2025-08-14T03:49:07","modified_gmt":"2025-08-14T03:49:07","slug":"the-overall-picture-looks-weaker-as-oregons-unemployment-rate-hits-5","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/66685\/","title":{"rendered":"\u2018The overall picture looks weaker\u2019 as Oregon\u2019s unemployment rate hits 5%"},"content":{"rendered":"<p>Oregon\u2019s jobless rate reached 5% in July, up from 4.2% a year ago. That\u2019s the highest it\u2019s been since the state recovered from COVID-19 lockdowns that pushed tens of thousands of people out of work in 2020.<\/p>\n<p>Outside of that COVID spike \u2014 which pushed unemployment up to a high of nearly 14% in April\u00a02020 before job levels recovered in mid-2021\u2014 a greater share of Oregon\u2019s workforce is unemployed than at any time since 2016, according to figures released Wednesday by the state Employment Department.<\/p>\n<p>The U.S. jobless rate, by contrast, was unchanged compared to a year ago, at 4.2% in July. The country is still creating more jobs than it\u2019s cutting, but job growth is slowing nationwide according to a report that <a href=\"https:\/\/www.npr.org\/2025\/08\/07\/1256971822\/1a-labor-statistics-08-07-2025\" class=\"Link\" target=\"_blank\" data-cms-ai=\"0\" rel=\"nofollow noopener\">drew condemnation from President Donald Trump and prompted him to fire the messenger<\/a>, former Commissioner of Labor Statistics Erika McEntarfer.<\/p>\n<p>While the rest of the country adds jobs \u2014 albeit slowly \u2014 Oregon\u2019s labor force is shrinking.<\/p>\n<p>The U.S. jobless rate, by contrast, was unchanged compared to a year ago, at 4.2% in July. The country is still creating more jobs than it\u2019s cutting, but job growth is slowing nationwide according to a report that <a href=\"https:\/\/www.npr.org\/2025\/08\/07\/1256971822\/1a-labor-statistics-08-07-2025\" class=\"Link\" target=\"_blank\" data-cms-ai=\"0\" rel=\"nofollow noopener\">drew condemnation from President Donald Trump and prompted him to fire the messenger<\/a>, former Commissioner of Labor Statistics Erika McEntarfer.<\/p>\n<p>While the rest of the country adds jobs \u2014 albeit slowly \u2014 Oregon\u2019s labor force is shrinking.<\/p>\n<p>That weakness may in part reflect significant layoffs across multiple companies over the past year, including at Oregon\u2019s largest private employer, <a href=\"https:\/\/www.opb.org\/article\/2025\/07\/18\/mass-layoff-intel-less-revenue-oregon-semiconductor-industry-economic-driver\/\" class=\"Link\" target=\"_blank\" data-cms-ai=\"0\" rel=\"nofollow noopener\">Intel, which eliminated 3,700 positions in the state over the course of two massive staffing cuts<\/a>. At its peak, the semiconductor giant employed some 23,000 Oregonians.<\/p>\n<p>Also over the past year, Wells Fargo has laid off more than 700 Oregon workers, and supermarkets Safeway, Albertsons and Fred Meyer have cut nearly 600 jobs across multiple stores.<\/p>\n<p>Only two sectors have seen significant Oregon hiring: health care and social assistance, which added 9,800 jobs over the past year, and leisure and hospitality, which added 2,000.<\/p>\n<p>This story comes to you from the Northwest News Network, a collaboration between public media organizations in Oregon and Washington.<\/p>\n","protected":false},"excerpt":{"rendered":"Oregon\u2019s jobless rate reached 5% in July, up from 4.2% a year ago. That\u2019s the highest it\u2019s been&hellip;\n","protected":false},"author":2,"featured_media":66686,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[64,63,99,180],"class_list":{"0":"post-66685","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-jobs"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/66685","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=66685"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/66685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/66686"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=66685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=66685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=66685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}