Wednesday, November 20, 2013

Construction Leading Oregon's Job Recovery

Oregon’s seasonally adjusted unemployment rate dropped to 7.7 percent in October, its low point for the year, and the lowest in five years. Construction jobs surged 9.3% in the past year. 

In October, 135,298 Oregonians were unemployed. This was 22,322 fewer
individuals than in October 2012 when 157,620 Oregonians were unemployed.  The labor force participation rate declined to 61.2 percent, a record low. The participation rate has declined in Oregon and across the nation and is a measure watched by the Federal Reserve to gauge the extent to which the economy is operating at full employment.

Read more at Oregonlive.