Economy: Job Gains and Losses in Oregon | News


The Oregon Department of Employment reports that the state’s civilian workforce grew to 2,178,028 in January from 2,109,200 in January 2021.

There were 2,076,110 people employed in January compared to 1,061,585 at work in January 2021.

The state’s unemployment rate in January was 4.3%, with 101,918 unemployed and 2,076,110 employed.

The state’s unemployment rate in January was 4.3%, with 101,918 unemployed. The rate rose slightly from 4.2% in December. Oregon’s unemployment rate was close to 4.3% between September 2021 and January 2022.

In January, non-farm payroll employment in Oregon increased by 5,700 jobs, following a revised gain of 6,600 jobs in December. Throughout 2021, monthly job gains averaged 8,500.

In January, gains were largest in leisure and hospitality (+2,200 jobs), government (+1,500), financial activities (+1,200) and professional and business services (+1,200). ). Only one major industry—retail trade (-800 jobs)—experienced a major job loss in January.

Leisure and hospitality added 2,200 jobs in January, following a gain of 1,400 in December. Despite these gains, leisure and hospitality still account for a large share of jobs. Oregon has still not recovered since the start of 2020, with 17,500 jobs to be recovered to reach the previous peak month of February 2020. The industry has regained 84% of lost jobs. at the start of the pandemic.

The government gained ground in January by adding 1,500 jobs, but it is still down considerably from two years ago. Local government education has added jobs over the past year but is still feeling the effects of the pandemic. It employed 127,000 people in January, down 11,400 jobs from the 138,400 it employed in January 2020.

The rest of local government slowly recovered over the past year and is near pre-pandemic highs – employing 93,500 people in January, just 2,100 jobs below its January 2020 total. The federal government, with 26,800 jobs in January, is only 700 jobs below its level two years earlier, while the state government added 1,500 jobs during this period, with 42,100 jobs in total in January 2022.

Manufacturing has grown rapidly recently, with 5,400 jobs added from September 2021 to January 2022. Gains were pronounced in non-durable goods manufacturing, which added 3,500 jobs during this period.

Health care and social assistance has seen steady job losses in recent months in most of its constituent sectors. Ambulatory health care services, at 92,300 jobs in January, cut 800 jobs in January and cut 2,400 jobs since their recent peak in July 2021. Nursing and residential care facilities cut 600 jobs in January and have lost 5,300 jobs since peaking at 53,500 in February 2020. Welfare has yet to fully recover from the pandemic recession. It employed 64,600 people in January, down 400 for the month and still well below its recent peak of 69,800 in March 2020.

The US unemployment rate was 4.0% in January and 3.9% in December.


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