Unemployment Continues to Improve in Oregon
State of Oregon’s Unemployment
Oregon’s unemployment rate dropped to 4.7% in September from 5%, as revised, in August. In September, 102,0000 Oregonians were unemployed. This is a remarkable improvement from the worst labor force impacts of the Covid recession when 270,0000 Oregonians were jobless in April 2020. However, there is still ground to make up to approach the average of 82,000 Oregonians unemployed during 2017 through 2019, during the tight labor market of the prior economic expansion. The U.S. unemployment rate dropped to 4.8% in September from 5.2% in August.
SVN Economic Update
For a national perspective on the state of the economy, please read the SVN Economic Update that was just released on October 15, 2021. You can download the report HERE.