Oregon’s Jobless Rate Holds Steady, June 13

Oregon Adds 4,800 Jobs in May; Unemployment Rate Holds Steady at 4.1 Percent Oregon’s unemployment rate was 4.1 percent in May. For 17 consecutive months, the rate has been at or near 4.1 percent, its lowest level since comparable records began in 1976. The U.S. unemployment rate dropped to 3.8 percent in May, from 3.9 percent in April.  In May, Oregon’s nonfarm payroll employment rose by 4,800 jobs, following a revised loss of 700 jobs in April. Four major industries added at least 900 jobs in May: construction (+1,600 jobs); health care and social assistance (+1,500); professional and business services (+1,000); and leisure and hospitality (+900). Only two major industries dropped in May: wholesale trade (-800 jobs) and retail trade (-600).