Unemployment rate remains high in Oregon

    
 

Friday, Jul 22 2011 3:06PM

Many Oregon residents are jobless, the latest figures from the Oregon Employment Department show.

Many Oregon residents are jobless, the latest figures from the Oregon Employment Department show.

According to the Oregon Employment Department, the seasonally adjusted jobless rate in the state rose in June to 9.4 percent, up from 9.3 percent a month earlier.

The state's unemployment rate is still above the national average of 9.2 percent, the report states. Additionally, the report shows there has been no gains in payroll employment since February.

The manufacturing industry lost 2,000 jobs in June, while the trade, transportation and utilities industry incurred a loss of 1,800 jobs.

"Oregon has hit the same slowdown that the national economy is going through," economist Bill Conerly, of Conerly Consulting in Lake Oswego, told the Oregonian.

Economist Tom Potiowski told the newspaper a substantial loss of government jobs clearly hurt the state's economic progress in June.

Employment opportunities in Oregon, including rural areas, appear to be dwindling. Despite adding 4,000 jobs to the state in the second quarter, thanks to aid from the American Recovery and Reinvestment Act, Governor John Kitzhaber said more needs to be done to help residents gain employment.

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meganV wrote:

High unemployment rate is one of the most alarming problem in every state. This unemployment rate is one of the figure that affects your creditworthiness. An individual's credit reliability is dependent upon lots of variables, most of which could be controlled in one way or another. What state an individual resides in, however, can't be manipulated short of moving somewhere else. A brand new study rates all fifty states in order of their creditworthiness. I found this here: <a title="New analysis ranks states by creditworthiness" href="http://personalmoneynetwork.com/moneyblog/2011/07/25/states-creditworthiness/">Study ranks states for creditworthiness</a>.

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Tuesday, July 26, 2011 9:33 PM

 

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