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Oregon Jobs Recovery Continues, Albeit Slower in July
Oregon’s total nonfarm payroll employment rose by 20,500 jobs in July, following a gain of 57,000 jobs in June, according to a report from the Oregon Employment Department. Over the past three months, employers added back 38% of the jobs that were cut in March and April. Oregon’s unemployment rate dropped to 10.4% in July from 11.6% in June.
Over-the-month job gains in July were largest in leisure and hospitality at 7,300 jobs; government (+5,700); retail trade (+3,600); health care and social assistance (+3,100); and professional and business services (+1,900). Meanwhile, three of the major industries cut a substantial number of jobs in July: the construction sector lost 1,900 jobs; manufacturing (-1,500); and information (-1,200).
Leisure and hospitality suffered by far the largest job loss during March and April, shedding 118,700 jobs during the outset of the pandemic-induced drop in business. Then, between April and July, the industry regained half of the loss, as it rebounded by 58,900 jobs over the past three months.
Health care and social assistance regained two-thirds of its lost jobs, with a rebound of 18,700 jobs over the past three months. During that time, two industries regained nearly two-thirds of their lost jobs: other services added 9,300 jobs, or a 63% rebound, and retail trade (+13,900 jobs, or 62%).
Several key Oregon industries experienced substantial job losses in March and April but have not rebounded substantially or have even declined further over the past three months. Those include government, which shed 5,200 jobs, manufacturing (-3,100); and information (-1,900).
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Economy
