Oregon Unemployment Rate Drops, as COVID-19 Vaccines Arrive
Oregon’s unemployment rate dropped for seventh straight month to 6.0% in November from 6.8% in October. This drove Oregon’s rate below the U.S. unemployment rate, which dipped to 6.7% in November from 6.9% in October.
The positive news came as the state began receiving shipments of its Pfizer COVID-19 vaccine. Oregon hospitals are scheduled to begin administering the first COVID-19 vaccinations in the state to frontline health care workers today.
Oregon’s total nonfarm payroll employment rose by 4,200 jobs in November, following a revised gain of 9,800 jobs in October. Oregon employers added jobs in each of the past seven months, and the state has recovered 46% of the jobs cut in March and April.
Sectors that reported the largest over-the-month job gains in November were in transportation, warehousing and utilities (+3,100 jobs); professional and business services (+2,600); manufacturing (+1,700); and healthcare and social assistance (+1,500). Monthly losses were concentrated in construction (-2,300 jobs); government (-1,800); and retail trade (-1,100).
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