{"id":669761,"date":"2026-05-28T08:41:21","date_gmt":"2026-05-28T08:41:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/669761\/"},"modified":"2026-05-28T08:41:21","modified_gmt":"2026-05-28T08:41:21","slug":"what-oregons-steady-unemployment-rate-tells-us-about-the-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/669761\/","title":{"rendered":"What Oregon\u2019s steady unemployment rate tells us about the economy"},"content":{"rendered":"<p class=\"article-body__text article-body--padding color_dgray m-none\">Oregon\u2019s unemployment rate has held steady at 5.2% for the first four months of 2026.<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">And going back even further, the rate hasn\u2019t been more than a tenth of a percentage point higher or lower than that since it was 5.0% in March 2025.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/05\/PQHRP22AO5BFTFW4XPCT6FE7N4.jpg\" alt=\"FILE &#x2014; Manufacturing jobs have declined in the past year while hiring has grown in healthcare and social services. Nich Chen, works at ESS, Inc., in Wilsonville, in this Feb. 1, 2023 file photo. ESS manufactures iron flow batteries used for long-duration storage.\" class=\"width_full\" style=\"aspect-ratio:3734 \/ 2566;width:100%\"\/><\/p>\n<p>FILE \u2014 Manufacturing jobs have declined in the past year while hiring has grown in healthcare and social services. Nich Chen, works at ESS, Inc., in Wilsonville, in this Feb. 1, 2023 file photo. ESS manufactures iron flow batteries used for long-duration storage.<\/p>\n<p class=\"article-body__image-by color_dgray f_s_xxs m-none\">Kristyna Wentz-Graff \/ OPB<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">On top of that, the number of jobs in Oregon has held relatively steady for more than a year. The difference in the number of jobs in the state between March 2025 to April 2026 is 10,900 jobs, a reduction of 0.55%<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">So why does Oregon\u2019s economy seem to be in a holding pattern?<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">\u201c[The unemployment rate] has really just been moving sideways,\u201d said Oregon Employment Economist Gail Krumenauer. \u201cWe haven\u2019t seen any sort of seasonal change, and that does to us suggest some wait-and-see behavior because there\u2019s been some greater uncertainty around trade relations and other types of economic turbulence.\u201d<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">National economists have referred to the nation being in <a href=\"https:\/\/www.stlouisfed.org\/on-the-economy\/2026\/mar\/effects-low-fire-low-hire-economy-workers\" target=\"_blank\" rel=\"nofollow noopener\">a low-hire, low-fire environment<\/a>, where jobs are neither being created nor lost at a notable pace.<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">And the national unemployment rate has seen a similar trend since March 2025, though it has seen <a href=\"https:\/\/fred.stlouisfed.org\/series\/UNRATE\" target=\"_blank\" rel=\"nofollow noopener\">more notable fluctuations <\/a>and sits at a lower rate that of Oregon.<\/p>\n<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">While unusual, the state\u2019s flat unemployment rate is not unprecedented. <a href=\"https:\/\/www.qualityinfo.org\/uesti?lfAreacode=4101000000&amp;lfAdjusted=1&amp;lfMeasure=unemprate&amp;lfSyear=2000&amp;lfRpt=summary&amp;lfEyear=2026\" target=\"_blank\" rel=\"nofollow noopener\">Oregon Employment Department data<\/a> show another stretch with little change in recent history. The rate stayed around 10.6% for 14 months in 2009-10.<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">While the unchanging rate is unusual, Krumenauer sees another trend that interests her.<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">\u201cThe big story that has been remarkably the same for almost two years is that the growth we have is mostly in private healthcare and social assistance,\u201d she said. \u201cMost other sectors of the economy have lost jobs over the past year, and that\u2019s similar to what\u2019s happening nationally.\u201d<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">She points to the U.S.\u2019s <a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/empsit.pdf\" target=\"_blank\" rel=\"nofollow noopener\">April jobs report<\/a>, in which 115,000 jobs were created and 53,900 of those jobs were in private healthcare and social assistance.<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">In Oregon, the state added 500 jobs in April, while the healthcare and social assistance sector added 1,500 jobs.<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">Krumenauer said job growth in Oregon and nationwide is increasingly happening in a handful of sectors while others such as manufacturing are shrinking.<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">Zac Ziegler is a reporter with the KLCC newsroom. <a href=\"https:\/\/www.klcc.org\/economy-business\/2026-05-27\/oregon-unemployment-has-held-steady-for-more-than-a-year-what-does-that-tell-us-about-the-states-economy\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.klcc.org\/economy-business\/2026-05-27\/oregon-unemployment-has-held-steady-for-more-than-a-year-what-does-that-tell-us-about-the-states-economy\">This story<\/a> comes to you from the Northwest News Network, a collaboration between public media organizations in Oregon and Washington.<\/p>\n<p class=\"article-body__text article-body--padding color_dgray m-none\">It is part of OPB\u2019s broader effort to ensure that everyone in our region has access to quality journalism that informs, entertains and enriches their lives. To learn more, visit our <a href=\"https:\/\/www.opb.org\/partnerships\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">journalism partnerships page<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Oregon\u2019s unemployment rate has held steady at 5.2% for the first four months of 2026. And going back&hellip;\n","protected":false},"author":2,"featured_media":669762,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101,292359],"class_list":["post-669761","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-unemployment-economy-oregon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/669761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=669761"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/669761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/669762"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=669761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=669761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=669761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}