Oregon's economy stays hot in June with 4% unemployment rate
Oregon's record-setting economy continued chugging along in June, adding about 900 new jobs as the state unemployment rate stayed steady at about 4.1%.
State employment officials said Tuesday, July 16, that even though the state lost about 200 jobs in May, June's strongest gains were in professional and business services. That industry added about 1,200 jobs last month. Manufacturing also added about 900 jobs in June.
The leisure and hospitality industry lost about 1,000 jobs in June, state officials said. Retail trade also lost about 900 jobs. Economists said the losses were part of the industries' "usual seasonal pattern" for summer employment.
Officials said Oregon's economy continued to grow rapidly. Since June 2018, total employment was up 46,100 jobs, or 2.4%. Oregon's job growth rate during the past 12 months was faster than the national job growth rate of 1.5%.
The state's unemployment rate has hovered near 4% for about 32 months, officials said.
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