New Details posted Sept. 15
Oregon’s unemployment rate dropped to 7.7 percent in August from 10.4 percent in July, according to the Oregon Employment Department.
The unemployment rate was more than double last year’s rate of 3.6 percent in August 2019. Meanwhile, the U.S. unemployment rate dropped to 8.4 percent in August from 10.2 percent in July.
Employment department officials report that the August report covers the Oregon employment situation in August. It does not capture the personal and economic disruption caused by the devastating wildfires that occurred over the past few weeks. That impact will likely be seen in the September Oregon counties' unemployment report, which will be complied and released in the next few weeks.
Oregon’s total nonfarm payroll employment rose by 11,300 jobs in August, following a revised gain of 17,700 jobs in July. Over the past four months, employers added back 41 percent of the jobs that were cut in March and April.
Over-the-month job gains in August were largest in leisure and hospitality (+4,200 jobs); retail trade (+3,300); construction (+3,200); and government (+3,000). Two industries cut a substantial number of jobs in August: wholesale trade (-1,400 jobs) and health care and social assistance (-1,400).
Leisure and hospitality—which includes restaurants, drinking establishments, hotels, and recreational industries—has added back the most jobs of any of the major industries over the past four months. Despite adding 63,200 jobs during the past four months, leisure and hospitality is only a little over halfway back to its February 2020 peak employment level, prior to the economic effects of the COVID-19 pandemic.
Retail trade has bounced back closer to its recent peak employment level. It added 16,100 jobs over the past four months, which was nearly three-quarters of the jobs lost earlier in the year. The third industry to add back more than half of its jobs lost, while also rebounding by more than 10,000 jobs, was health care and social assistance. This industry, despite a 1,400-job loss in August, added 18,000 jobs over the past four months, regaining nearly two-thirds of its March and April job losses.
Not all industries have rebounded with substantial job growth over the past four months. In August, the following industries remained near their low point for the year: manufacturing; government; information; and professional and business services.
Curry County's August unemployment report is expected to be released next week. The county’s July unemployment rate dropped to 11.9 percent from June’s rate of 13.7 percent.
Previous Pilot coverage posted Sept 13
The Southern Oregon Coast is slowly recovering from the pandemic job losses that occurred this past spring, according to the Oregon Employment Department's July unemployment report.
Curry County’s July unemployment rate dropped to 11.9 percent from June’s rate of 13.7 percent.
Curry County added 130 jobs over the month, with 170 of those in leisure and hospitality. Small gains were also estimated in health care, construction, retail, and other services.
Government employment fell by 100 in July, with the loss in the local government education component.Over the year, total payroll employment fell by 870 jobs, down 12.6 percent. Large declines occurred in leisure and hospitality jobs (-400) along with losses inretail trade (-100); private education and health services (-90); manufacturing (-80); and financial activities (-60).
Coos County’s July jobless rate fell to 11.4 percent. June’s rate was 12.7 percent.
Coos County total payroll employment fell by 40 jobs in July, mostly due to a seasonal decline of 330 jobs in local government education.
Private-sector employment increased by 260 jobs over the month. The largest increase was in leisure and hospitality, which rose by 200 jobs. Smaller increases were estimated in professional and business services (+60) and construction (+30). Both transportation, warehousing, and utilities as well as private education and health services gained 20 jobs in July. Government employment fell by 300 jobs, most of the decline in the local government education component.
Over the year total payroll employment fell by 1,960 jobs, a drop of 8.6 percent. The largest decline, accounting for about one-quarter of total job losses, was in leisure and hospitality ( -500). Job losses were widespread outside of a few jobs gained over the year in food stores (+10) and general merchandise stores (+10).
Sectors with substantial job loss also included retail trade (-210); private education and health services (-140); professional and business services (-100); construction (-60); and manufacturing (-20). Government employment fell by 710 over the year with losses estimated in local education (-310); Indian tribal (-310); and state government (-110).
The Oregon Employment Department expects to release the August unemployment report later this month.