Monday, May 18, 2009

Oregon unemployment remains at 12%

From the Oregon Employment Department:

Oregon’s seasonally adjusted unemployment rate was essentially unchanged at 12.0 percent in April compared with 11.9 percent (as revised) in March. The state’s unemployment rate remains well above its year-ago level of 5.6 percent in April 2008. The U.S. seasonally adjusted unemployment rate rose to 8.9 percent in April, from 8.5 percent in March.

In April, Oregon’s seasonally adjusted nonfarm payroll employment declined by 9,500 jobs, following a drop of 9,700 (as revised) in March. Each of these two months experienced large job losses, but the losses were not as substantial as some of the monthly job losses in the prior five months when 22,800 were lost in February, 13,000 were cut in January, and 12,600 were cut in October.

In April, 242,550 Oregonians were unemployed. In April 2008, 101,964 Oregonians were unemployed. Thus, the number of unemployed more than doubled over the past 12 months.