Oregon’s Unemployment Rate Rises to 3.7% in August

NEWS

FOR IMMEDIATE RELEASE: September 14, 2022 CONTACT INFORMATION:

Gail Krumenauer, State Employment Economist

(971) 301-3771

Video and Audio available at 10 a.m.

David Cooke, Economist (971) 375-5288

Oregon¡¯s Unemployment Rate Rises to 3.7% in August

Oregon¡¯s unemployment rate rose to 3.7% in August from 3.5% in July. This was the first increase in

Oregon¡¯s unemployment rate since April 2020. The U.S. unemployment rate was the same as in Oregon,

at 3.7% in August and 3.5% in July. Over the past six months, Oregon¡¯s unemployment rate has

remained low by historic standards, averaging 3.6% during that period.

In Oregon, nonfarm payroll employment grew by 9,300 in August, following an upwardly revised gain

of 13,000 jobs in July. Monthly gains in August were largest in government (+3,800 jobs), leisure and

hospitality (+1,900), construction (+1,400), professional and business services (+1,000), and

manufacturing (+900). Other services (-800 jobs) and financial activities (-700) were the only

major industries that shed more than 500 jobs.

With the rapid gains in total nonfarm payroll jobs in July and August, Oregon reached a record

employment total of 1,974,700 jobs in August, which was 2,500 jobs above the pre-pandemic peak

reached in February 2020. The private sector has also regained all of the jobs it lost during the

pandemic recession.

Over the past 12 months, total nonfarm payroll employment grew by 74,800 jobs, or 3.9%. The

following industries are powering the recovery, as each added more than 6,000 jobs while expanding at

a faster rate than total nonfarm: leisure and hospitality (+18,500 jobs, or 9.9%), construction (+9,600

jobs, or 8.7%), manufacturing (+9,900 jobs, or 5.3%), and professional and business services (+11,700

jobs, or 4.7%).

Local government strayed from its usual seasonal pattern as local schools experienced fewer summer

job reductions than normal, adding jobs in both July and August. This trend followed the first six

months of the year, when local government employment averaged nearly 12,000 fewer jobs than in

2019, prior to the recession. But with fewer short-term job reductions in July and August of this year,

local government education employed a total of 108,600 in August, which was 2,500 above its level in

August 2019.

Next Press Releases

The Oregon Employment Department plans to release the August county and metropolitan area

unemployment rates on Tuesday, Sept. 20, and the next statewide unemployment rate and employment

survey data for September on Wednesday, Oct. 19.

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Employment Department News Release

Page 2 of 3

Oregon Unemployment Rate,

Seasonally Adjusted

Percent

Oregon Nonfarm Payroll Employment,

Seasonally Adjusted

Millions

14.0

2.00

13.0

1.95

12.0

1.90

11.0

10.0

1.85

9.0

1.80

8.0

1.75

7.0

1.70

6.0

1.65

5.0

1.60

4.0

3.0

September 14, 2022

1.55

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Seasonal Expectations and

Over-the-Month Employment Changes

July to August 2022

Oregon Seasonally Adjusted Employment

Trade, transportation, and utilities

Normal

Seasonal

Movement

Unadjusted

Change

Seasonally

Adjusted

Change

Total nonfarm payroll

employment

1,700

11,000

9,300

Total private

2,600

8,100

5,500

100

200

100

1,800

3,200

1,400

0

900

900

INDUSTRY

Mining and logging

Construction

Manufacturing

350,000

Government, including

public education

300,000

Health care

and social

assistance-->

250,000

Professional and

business services

200,000

Wholesale trade

100

600

500

Retail trade

Transportation,

warehousing, and

utilities

500

1,200

700

Leisure and hospitality

150,000

0

-500

-500

Information

-300

-600

-300

Financial activities

-100

-800

-700

Professional and

business services

Private educational

services

Health care and social

assistance

Leisure and hospitality

Other services

Government

Manufacturing

Construction

100,000

Financial activities

-100

900

1,000

800

1,500

700

400

1,000

600

-1,000

900

1,900

400

-400

-800

-900

2,900

3,800

Other services

50,000

Information

Educational services

Mining and logging

0

2017

2018

2019

2020

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2021

2022

Employment Department News Release

Page 3 of 3

September 14, 2022

Notes:

All numbers in the above narrative are seasonally adjusted, except for local government

education.

The Oregon Employment Department and the U.S. Bureau of Labor Statistics (BLS) work

cooperatively to develop and publish monthly Oregon payroll employment and labor force

data. The estimates of monthly job gains and losses are based on a survey of businesses. The

estimates of unemployment are based on a survey of households and other sources.

The Oregon Employment Department publishes payroll employment estimates that are

revised by using employment counts from employer unemployment insurance tax records.

All department publications use this Official Oregon Series data unless noted otherwise. This

month¡¯s release incorporates the October, November and December 2021 tax records data.

The department continues to make the original nonfarm payroll employment series

available; these data are produced by the BLS.

The PDF version of the news release can be found at press-release. To

obtain the data in other formats such as in Excel, visit , then within the top

banner, select Economic Data, then choose LAUS or CES. To request the press release as a

Word document, contact the person shown at the top of this press release.

To file a claim for unemployment benefits or get more information about unemployment

programs, visit employ.

The Oregon Employment Department (OED) is an equal opportunity agency. Everyone has

a right to use OED programs and services. OED provides free help. Some examples are: Sign

language and spoken language interpreters, written materials in other languages, braille,

large print, audio and other formats. If you need help, please call 971-673-6400. TTY users

call 711. You can also ask for help at OED_Communications@employ..

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Workforce and Economic Research

CES Updated With 4Q2021 QCEW

September 14, 2022

Oregon Current Labor Force and Industry Employment

August

2022

July

2022

August

2021

Change From

July 2022

Change From

August 2021

2,217,815

95,391

4.3

3.7

2,122,424

2,212,209

86,629

3.9

3.5

2,125,580

2,159,313

109,017

5.0

4.9

2,050,296

5,606

8,762

0.4

0.2

-3,156

58,502

-13,626

-0.7

-1.2

72,128

63.5

7.1

63.5

6.8

62.2

9.0

0.0

0.3

1.3

-1.9

1,976,000

1,697,200

6,800

4,800

127,000

35,900

22,900

13,000

11,700

79,400

14,700

36,600

17,200

10,900

202,700

139,100

23,500

6,500

8,800

8,200

7,400

16,700

15,000

41,300

33,800

5,100

10,900

63,600

30,600

11,100

4,100

366,600

80,100

38,900

33,300

7,900

208,300

25,000

17,600

48,200

14,500

9,600

37,900

18,300

7,800

1,965,000

1,689,100

6,600

4,700

123,800

35,200

22,600

12,600

11,400

77,200

14,300

35,000

17,300

10,600

201,800

138,500

23,500

6,500

8,800

8,200

7,300

16,800

15,000

41,000

33,900

5,100

10,900

63,300

30,200

11,000

4,100

365,300

79,500

38,900

32,800

7,800

207,100

25,300

17,800

47,200

14,300

9,500

38,100

18,100

7,700

1,891,400

1,617,200

6,700

4,900

114,500

33,200

21,200

12,000

10,700

70,600

13,100

31,800

15,600

10,100

189,800

129,900

22,800

6,300

8,500

8,000

6,700

16,100

14,000

38,000

30,700

4,900

10,600

59,900

29,500

10,500

4,000

360,300

74,900

37,700

29,900

7,300

209,500

26,100

18,800

46,000

13,600

9,500

39,800

17,400

7,800

11,000

8,100

200

100

3,200

700

300

400

300

2,200

400

1,600

-100

300

900

600

0

0

0

0

100

-100

0

300

-100

0

0

300

400

100

0

1,300

600

0

500

100

1,200

-300

-200

1,000

200

100

-200

200

100

84,600

80,000

100

-100

12,500

2,700

1,700

1,000

1,000

8,800

1,600

4,800

1,600

800

12,900

9,200

700

200

300

200

700

600

1,000

3,300

3,100

200

300

3,700

1,100

600

100

6,300

5,200

1,200

3,400

600

-1,200

-1,100

-1,200

2,200

900

100

-1,900

900

0

Labor Force Status

Civilian labor force

Unemployed

Unemployment rate

Unemployment rate, seasonally adjusted

Employed

Other Labor Force Indicators

Labor force participation rate, seasonally adjusted

Labor underutilization rate ¨C U-6, seasonally adjusted

Nonfarm Payroll Employment

Total nonfarm payroll employment

Total private

Mining and logging

Logging

Construction

Construction of buildings

Residential building construction

Nonresidential building construction

Heavy and civil engineering construction

Specialty trade contractors

Building foundation and exterior contractors

Building equipment contractors

Building finishing contractors

Other specialty trade contractors

Manufacturing

Durable goods

Wood product manufacturing

Sawmills and wood preservation

Plywood and engineered wood product mfg.

Other wood product manufacturing

Primary metal manufacturing

Fabricated metal product manufacturing

Machinery manufacturing

Computer and electronic product manufacturing

Semiconductor and electronic component mfg.

Electronic instrument manufacturing

Transportation equipment manufacturing

Nondurable goods

Food manufacturing

Fruit and vegetable preserving and specialty

Paper manufacturing

Trade, transportation, and utilities

Wholesale trade

Merchant wholesalers, durable goods

Merchant wholesalers, nondurable goods

Electronic markets and agents and brokers

Retail trade

Motor vehicle and parts dealers

Building material and garden supply stores

Food and beverage stores

Clothing and clothing accessories stores

Sporting goods, hobby, book and music stores

General merchandise stores

Miscellaneous store retailers

Nonstore retailers

or2022est.xlsm "CLFIE-QBM"

August

2022

Transportation, warehousing, and utilities

Utilities

Transportation and warehousing

Truck transportation

Couriers and messengers

Warehousing and storage

Information

Publishing industries, except internet

Newspaper, book, and directory publishers

Software publishers

Telecommunications

Financial activities

Finance and insurance

Credit intermediation and related activities

Insurance carriers and related activities

Real estate and rental and leasing

Real estate

Professional and business services

Professional and technical services

Legal services

Architectural and engineering services

Computer systems design and related services

Management of companies and enterprises

Administrative and waste services

Administrative and support services

Employment services

Business support services

Services to buildings and dwellings

Education and health services

Educational services

Health care and social assistance

Ambulatory health care services

Hospitals

Nursing and residential care facilities

Social assistance

Leisure and hospitality

Arts, entertainment, and recreation

Amusement, gambling, and recreation

Accommodation and food services

Accommodation

Food services and drinking places

Full-service restaurants

Limited-service eating places

Other services

Repair and maintenance

Personal and laundry services

Membership associations and organizations

Religious organizations

Government

Federal government

State government

State education

Local government

Indian tribal

Local education

Labor-management disputes

July

2022

78,200

4,900

73,300

18,300

15,000

19,900

35,100

15,900

2,300

13,600

4,300

107,400

56,100

25,200

23,900

51,300

44,200

263,600

110,600

12,200

19,800

17,400

49,800

103,200

97,300

43,600

9,300

28,800

309,800

34,800

275,000

99,100

57,900

50,200

67,800

215,300

28,400

20,800

186,900

26,000

160,900

69,600

74,500

62,900

19,000

14,700

29,200

14,200

278,800

28,700

43,400

1,200

206,700

8,000

108,600

0

78,700

4,900

73,800

18,500

15,000

20,100

35,700

16,100

2,300

13,800

4,300

108,200

56,200

25,300

23,800

52,000

45,400

262,700

111,600

12,400

19,600

17,900

49,600

101,500

95,600

43,100

9,100

28,500

307,300

33,300

274,000

99,100

57,700

49,800

67,400

214,400

28,900

21,100

185,500

26,000

159,500

70,700

73,400

63,300

19,200

15,000

29,100

14,500

275,900

28,900

43,200

1,100

203,800

8,000

106,200

0

August

2021

75,900

4,800

71,100

19,100

13,600

19,000

35,400

16,000

2,400

13,600

4,400

105,300

56,200

25,700

24,100

49,100

43,600

252,600

104,700

11,900

18,100

17,200

48,600

99,300

93,100

39,000

10,000

26,300

296,100

28,000

268,100

94,600

58,700

49,200

65,600

196,100

24,400

17,900

171,700

23,700

148,000

63,600

70,200

60,400

19,000

14,300

27,100

13,800

274,200

29,300

42,900

1,000

202,000

7,800

107,900

200

Change From

July 2022

-500

0

-500

-200

0

-200

-600

-200

0

-200

0

-800

-100

-100

100

-700

-1,200

900

-1,000

-200

200

-500

200

1,700

1,700

500

200

300

2,500

1,500

1,000

0

200

400

400

900

-500

-300

1,400

0

1,400

-1,100

1,100

-400

-200

-300

100

-300

2,900

-200

200

100

2,900

0

2,400

0

Change From

August 2021

2,300

100

2,200

-800

1,400

900

-300

-100

-100

0

-100

2,100

-100

-500

-200

2,200

600

11,000

5,900

300

1,700

200

1,200

3,900

4,200

4,600

-700

2,500

13,700

6,800

6,900

4,500

-800

1,000

2,200

19,200

4,000

2,900

15,200

2,300

12,900

6,000

4,300

2,500

0

400

2,100

400

4,600

-600

500

200

4,700

200

700

-200

The most recent month is preliminary, the prior month is revised. Prepared in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics.

Labor Force Status: Civilian labor force includes employed and unemployed individuals 16 years and older by place of residence. Employed includes nonfarm payroll employment, selfemployed, unpaid family workers, domestics, agriculture and labor disputants. Unemployment rate is calculated by dividing unemployed by civilian labor force.

U-6 is the total unemployed plus all persons marginally attached to the labor force plus total employed part-time for economic reasons, as a percent of the civilian labor force plus all

persons marginally attached to the labor force.

Nonfarm Payroll Employment: Data are by place of work and cover full- and part-time employees who worked or received pay for the pay period that includes the 12th of the month. The

data exclude the self-employed, volunteers, unpaid family workers, and domestics. These survey-based estimates are revised quarterly, based on more complete information from

employer tax records.

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