Thursday, March 5, 2009

Bend unemployment at 12% in January

From the Bend Bulletin:

Central Oregon’s unemployment rates continued climbing in January, and at a faster pace than the rest of the state and nation, according to the Oregon Employment Department’s monthly unemployment report released Tuesday.
Deschutes, Jefferson and Crook counties posted, respectively, 12 percent, 12.9 percent and 14.9 percent seasonally adjusted unemployment rates during the month.

By comparison, the state and national seasonally adjusted unemployment rates for January were 7.6 percent and 9.9 percent, respectively.
The report shows both rising unemployment rates and year-over-year job losses for the tri-county region — an area that boomed during the 2004 to 2006 housing bubble with its heavy concentration of construction and real-estate-related jobs.
“These reports are showing the weakened state of the Central Oregon economy,” Williams said.
From the MailTribune:
As widely expected, Jackson County's jobless rate reached double digits in January.
The Oregon Employment Department reported the county's unemployment rate was a seasonally adjusted 11.8 percent, up from 6.3 percent a year earlier.

Wood-products employment bore the brunt of the job losses a quarter-century ago. This time around, manufacturing is taking a big hit, losing nearly 11 percent of its payroll. Some 220 manufacturing jobs were pared in January, making a decline of 800 jobs during the past 12 months.

From the Register Guard:
Layoffs at local RV manufacturers coupled with a rash of other job cuts pushed Lane County’s jobless rate to 11.9 percent in January, the highest level for that month in more than a quarter century, according to figures released Tuesday by the state Employment Department.
The county rate was up from 9.4 percent in December, and up dramatically from 6.2
percent in January 2008.
It was the highest level for any January since 1983, when the rate hit 15.4 percent, the department said.
The number of unemployed people in the county has more than doubled in just 12 months, from 10,493 in January 2008 to 22,351 this January, the state figures show.
“It’s a dire situation,” said Brian Rooney, local labor economist with the state Employment Department.

Don't forget the 2,000 jobs lost earlier this week.

From the
The jobless rate in the Salem area rose to 9.3 percent in January, the highest rate in at least 19 years.
State employment officials said the rate rose from 8.7 percent the previous month and is up from 5.2 percent a year ago.
And the rate may reflect a much worse historical increase.
The state has tracked the "seasonally adjusted" rate for local areas only since 1990.
Using unadjusted numbers, the Salem area would show 10.7 percent unemployment and would be the highest mark in 26 years.
In 1983, the local unadjusted unemployment rate reached 13.8 percent, said Pat O'Conner, a regional economist with the employment department.

From the Portland Business Journal:
Portland’s unemployment rate jumped almost 2 percent in January from December and 4.6 percent from January 2008, according to information from the Oregon Employment Department.
The unemployment rate was 9.8 percent, compared with 8.1 percent in December and 5.2 percent in January 2008.