Oregon Sees Slight Uptick In Unemployment For July

By Jim McCoy Tue 12th August Newseconomyjobs
- The state Employment Department says Oregon's jobless rate was 6.9 percent in July, up from 6.8 percent the month before. The agency says employers added 200 jobs in July, following a revised loss of 3,000 jobs in June. Manufacturing and health care were two industries that expanded substantially in July, but their gains were largely offset by losses in retail trade and private educational services. Though the unemployment rate inched higher last month, it is down from 8 percent in July of last year and 8.7 percent in July 2012. The U-6 rate for underutilized employees is down to 13.1, a substantial improvement. Labor force participation is stable at 61.2 percent. Job growth is up 2.4 percent for the year, which is better than the national average. Another piece of good news is found in that the number of long-terms unemployed is down to 27 percent- that's the lowest rate in five years.

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