Oregon' August 2012 unemployment rate went up once more to 8.9%. The rate was up 0.2% and was the now 4th successive month with an increase.. Moreover, the 8.9% rate is now the highest rate in Oregon for 2012 (0.1% over the January rate of 8.8%).
There were an about 175,700 individuals unemployed in Oregon in August 2012. This is a rise of roughly 3,000 over the prior month of July. The total number of employed people also fell by around 9,000 in August. These numbers, coupled with a drop of nearly 6,000 in the total Oregon workforce led to the 0.2% rise in the unemployment rate in August 2012. In comparison to the us average, Oregon's unemployment rate is currently a significant 0.8% higher that the U.S average in August of 8.1%. Additionally, while Oregon's rate has been on the rise, the national average has largely trended downward.
Compared to August 2011 when the unemployment rate in Oregon was 9.5%, the present 8.9% rate is still much improved. Over the past 12 months the number of unemployed individuals has been reduced by around 14,000. Also, the number of employed individuals in Oregon has gone up by around 1,000. Lastly, compared to a year ago there are around 15,000 fewer individuals in the total civilian workforce. These individuals have in all likelihood either decided to leave the or have ceased actively looking for employment.
Oregon's not alone. Many of the states in the area have also had higher unemployment rates recently. The State of Washington saw it's rate grow by 0.1% in August to 8.6%. Nevada, already with one of the highest rates in the nation, had it's unemployment rates go up by 0.1% to 12.1%. Wyoming's rate also increased by 0.1% in August to 5.7%. Yet, some states in the region did see lower rate in August. Both the States of California (down 0.1% to 10.6%) and Idaho (down 0.1% to 7.4%) were lower in August.
Although the Oregon's unemployment rate was up, many of the state's major business sectors saw improvement in August. Up were Construction, Manufacturing, Trade Transportation & Utilities, Information, Professional & Business Services, Financial Activities, Education & Health Service, and Leisure & Hospitality. Government was the only industry showing a negative numbers in August. The industry with the biggest employment numbers for the month was Trade Transportation& Utilities, followed by Government.
The employment statistics for Oregon for September 2012 will be posted later this month. When the are we'll take a look at state's results and see how it compares to prior years and months, and to other states in the region. Remember that formerly released employment statistics can modified at a later date.
There were an about 175,700 individuals unemployed in Oregon in August 2012. This is a rise of roughly 3,000 over the prior month of July. The total number of employed people also fell by around 9,000 in August. These numbers, coupled with a drop of nearly 6,000 in the total Oregon workforce led to the 0.2% rise in the unemployment rate in August 2012. In comparison to the us average, Oregon's unemployment rate is currently a significant 0.8% higher that the U.S average in August of 8.1%. Additionally, while Oregon's rate has been on the rise, the national average has largely trended downward.
Compared to August 2011 when the unemployment rate in Oregon was 9.5%, the present 8.9% rate is still much improved. Over the past 12 months the number of unemployed individuals has been reduced by around 14,000. Also, the number of employed individuals in Oregon has gone up by around 1,000. Lastly, compared to a year ago there are around 15,000 fewer individuals in the total civilian workforce. These individuals have in all likelihood either decided to leave the or have ceased actively looking for employment.
Oregon's not alone. Many of the states in the area have also had higher unemployment rates recently. The State of Washington saw it's rate grow by 0.1% in August to 8.6%. Nevada, already with one of the highest rates in the nation, had it's unemployment rates go up by 0.1% to 12.1%. Wyoming's rate also increased by 0.1% in August to 5.7%. Yet, some states in the region did see lower rate in August. Both the States of California (down 0.1% to 10.6%) and Idaho (down 0.1% to 7.4%) were lower in August.
Although the Oregon's unemployment rate was up, many of the state's major business sectors saw improvement in August. Up were Construction, Manufacturing, Trade Transportation & Utilities, Information, Professional & Business Services, Financial Activities, Education & Health Service, and Leisure & Hospitality. Government was the only industry showing a negative numbers in August. The industry with the biggest employment numbers for the month was Trade Transportation& Utilities, followed by Government.
The employment statistics for Oregon for September 2012 will be posted later this month. When the are we'll take a look at state's results and see how it compares to prior years and months, and to other states in the region. Remember that formerly released employment statistics can modified at a later date.
About the Author:
Do you need more information on OR unemployment? If so please visit the Oregon Unemployment HQ.
No comments:
Post a Comment