NEWS - Unemployment.oregon.gov

NEWSFOR IMMEDIATE RELEASE: May 18, 2022CONTACT INFORMATION:Gail Krumenauer, State Employment Economist(971) 301-3771Video and Audio available at 10 a.m.David Cooke, Economist (971) 375-5288Oregon’s Unemployment Rate Edges Down to 3.7% in AprilOregon’s unemployment rate edged down to 3.7% in April, from 3.8% in March, reaching its lowestlevel in more than two years. The rate is now close to Oregon’s record low of 3.4% which occurred ineach of the four months of November 2019 through February 2020. The U.S. unemployment rate was3.6% in both March and April 2022.Throughout the past two years, Oregon and the nation have experienced similar trends as theireconomies and labor markets have recovered from the pandemic recession. Both saw theirunemployment rates spike to unusual highs of more than 13% by April 2020, followed by a drop tobelow 7% six months later. For the past 21 months, Oregon’s unemployment rate has been within a halfpercentage point of the U.S. unemployment rate.Payroll employment trends have also been similar for Oregon and the U.S., with both losing roughly14% of payroll jobs between February and April 2020, then recovering roughly a third of those jobsthree months later, followed by a more gradual recovery leading up to April 2022. However, Oregonhas slightly lagged the U.S. jobs recovery overall, with the U.S. adding back 95% of jobs lost during thepandemic-induced recession, while Oregon has only recovered 88% of the jobs.In April, Oregon’s seasonally adjusted nonfarm payroll employment rose by 4,200 jobs, following arevised gain of 7,000 jobs in March. Over-the-month gains were largest in health care and socialassistance ( 1,800 jobs), manufacturing ( 1,300), and professional and business services( 1,300). The only major industry to cut at least 1,000 jobs was other services (-1,000 jobs).Professional and business services has grown rapidly and consistently over the past two years. In April,employment reached 261,700, another record high for the industry. Recent revisions to the jobs talliesboosted the past six months’ employment upward by about 3,000 above original estimates.Next Press ReleasesThe Oregon Employment Department plans to release the April county and metropolitan areaunemployment rates on Tuesday, May 24, and the next statewide unemployment rate and employmentsurvey data for May on Wednesday, June 15.SUPPORT BUSINESS PROMOTE EMPLOYMENT

Employment Department News ReleasePage 2 of 3Oregon Unemployment Rate,Seasonally AdjustedPercentOregon Nonfarm Payroll Employment,Seasonally .09.01.808.01.757.01.706.01.655.01.604.03.0May 18, 20221.552009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 20222009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022Seasonal Expectations andOver-the-Month Employment ChangesMarch to April 2022Oregon Seasonally Adjusted asonallyAdjustedChangeTotal nonfarm payrollemployment9,80014,0004,200Total 2001,300-3003006001,400700-700INDUSTRYMining and loggingConstructionManufacturingWholesale tradeRetail tradeTransportation,warehousing, al activities400-300-7001,6002,9001,300Private educationalservicesHealth care and socialassistanceLeisure and hospitalityOther servicesGovernment350,000Government, includingpublic education300,000Health careand socialassistance-- 250,000Professional andbusiness services200,000Manufacturing-800Professional andbusiness servicesTrade, transportation, and utilitiesLeisure and hospitality150,000Construction100,000Financial -300-1,0001,0001,500500Other services50,000InformationEducational servicesMining and logging02017201820192020SUPPORT BUSINESS PROMOTE EMPLOYMENT20212022

Employment Department News ReleasePage 3 of 3May 18, 2022Notes:All numbers in the above narrative are seasonally adjusted.The Oregon Employment Department and the U.S. Bureau of Labor Statistics (BLS) workcooperatively to develop and publish monthly Oregon payroll employment and labor forcedata. The estimates of monthly job gains and losses are based on a survey of businesses. Theestimates of unemployment are based on a survey of households and other sources.The Oregon Employment Department publishes payroll employment estimates that arerevised quarterly by using employment counts from employer unemployment insurance taxrecords. All department publications use this Official Oregon Series data unless notedotherwise. This month’s release incorporates the October, November and December 2021tax records data. In addition, data for July through September 2021 were revised by a total ofup to 2,600 jobs per month. The department continues to make the original nonfarm payrollemployment series available; these data are produced by the BLS.The PDF version of the news release can be found at QualityInfo.org/press-release. Toobtain the data in other formats such as in Excel, visit QualityInfo.org, then within the topbanner, select Economic Data, then choose LAUS or CES. To request the press release as aWord document, contact the person shown at the top of this press release.To file a claim for unemployment benefits or get more information about unemploymentprograms, visit Oregon.gov/employ.###The Oregon Employment Department (OED) is an equal opportunity agency. Everyone hasa right to use OED programs and services. OED provides free help. Some examples are: Signlanguage and spoken language interpreters, written materials in other languages, braille,large print, audio and other formats. If you need help, please call 971-673-6400. TTY userscall 711. You can also ask for help at OED Communications@employ.oregon.gov.SUPPORT BUSINESS PROMOTE EMPLOYMENT

Workforce and Economic ResearchCES Updated With 4Q2021 QCEWMay 18, 2022Oregon Current Labor Force and Industry EmploymentAprilMarchAprilChange FromChange From202220222021March 2022April 2021Labor Force StatusCivilian labor ,77478,79686,725124,077-7,929-45,281Unemployment rate3.63.95.8-0.3-2.2Unemployment rate, seasonally 0034,30033,20031,5001,1002,800EmployedOther Labor Force IndicatorsLabor force participation rate, seasonally adjustedLabor underutilization rate – U-6, seasonally adjustedNonfarm Payroll EmploymentTotal nonfarm payroll employmentTotal privateMining and loggingLoggingConstructionConstruction of buildingsResidential building al building construction11,90011,70011,500200400Heavy and civil engineering construction10,50010,1009,800400700Specialty trade contractors71,90071,40068,6005003,300Building foundation and exterior contractors13,60013,20013,100400500Building equipment contractors33,10032,70031,1004002,000Building finishing s and wood preservation6,5006,4006,300100200Plywood and engineered wood product mfg.8,7008,6008,500100200Other wood product 0070016,50016,30015,600200900Other specialty trade contractorsManufacturingDurable goodsWood product manufacturingPrimary metal manufacturingFabricated metal product manufacturingMachinery manufacturing14,70014,50013,6002001,100Computer and electronic product nductor and electronic component mfg.34,10033,30030,100800Electronic instrument manufacturing5,0005,0004,9000100Transportation equipment 8000-200Nondurable goodsFood manufacturingFruit and vegetable preserving and specialtyPaper manufacturingTrade, transportation, and utilitiesWholesale 3,1001,70076,10075,80074,400300Merchant wholesalers, durable goods38,00037,90037,100100900Merchant wholesalers, nondurable goods30,60030,40030,000200600Electronic markets and agents and brokersRetail ,400Motor vehicle and parts dealers25,10025,40025,700-300-600Building material and garden supply stores17,60017,70019,300-100-1,700Food and beverage stores45,50045,40045,5001000Clothing and clothing accessories stores13,80013,90012,700-1001,100Sporting goods, hobby, book and music stores9,3009,3009,0000300General merchandise stores38,60038,70040,700-100-2,100Miscellaneous store 200Nonstore retailersor2022est.xlsm "CLFIE-QBM"

Transportation, warehousing, and utilitiesUtilitiesTransportation and warehousingAprilMarchAprilChange FromChange From202220222021March 2022April 020073,00074,20070,400-1,2002,600Truck transportation18,60019,00018,800-400-200Couriers and messengers15,00015,50013,900-5001,100Warehousing and g industries, except internetNewspaper, book, and directory publishersSoftware publishersTelecommunicationsFinancial activitiesFinance and insuranceCredit intermediation and related activitiesInsurance carriers and related activitiesReal estate and rental and leasingReal estateProfessional and business servicesProfessional and technical gal services12,10011,90011,700200400Architectural and engineering services19,20018,60017,5006001,700Computer systems design and related ,50010,700100-1,100Management of companies and enterprisesAdministrative and waste servicesAdministrative and support servicesEmployment servicesBusiness support servicesServices to buildings and dwellingsEducation and health servicesEducational 271,300268,4001,7004,600Ambulatory health care 057,80058,400-200-800Nursing and residential care facilities48,60048,90050,100-300-1,500Health care and social assistanceSocial assistance68,70067,60065,5001,1003,200Leisure and hospitality196,200191,900168,4004,30027,800Arts, entertainment, and recreationAmusement, gambling, and recreationAccommodation and food servicesAccommodationFood services and drinking Full-service ice eating 00-30070018,50018,90018,600-400-100Other servicesRepair and maintenancePersonal and laundry services14,10014,10013,6000500Membership associations and organizations26,80026,70026,500100300Religious 0288,2001,5006,600Federal government27,80027,10028,400700-600State government42,40042,30042,300100100State education1,1001,1009000200Local ndian tribalLocal educationLabor-management 0000000The most recent month is preliminary, the prior month is revised. Prepared in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics.Labor Force Status: Civilian labor force includes employed and unemployed individuals 16 years and older by place of residence. Employed includes nonfarm payroll employment, self-employed,unpaid family workers, domestics, agriculture and labor disputants. Unemployment rate is calculated by dividing unemployed by civilian labor force.U-6 is the total unemployed plus all persons marginally attached to the labor force plus total employed part-time for economic reasons, as a percent of the civilian labor force plus all personsmarginally attached to the labor force.Nonfarm Payroll Employment: Data are by place of work and cover full- and part-time employees who worked or received pay for the pay period that includes the 12th of the month. The dataexclude the self-employed, volunteers, unpaid family workers, and domestics. These survey-based estimates are revised quarterly, based on more complete information from employer taxrecords.###

revised gain of 7,000 jobs in March. Over-the-month gains were largest in health care and social assistance ( 1,800 jobs), manufacturing ( 1,300), and professional and business services ( 1,300). The only major industry to cut at least 1,000 jobs was other services (-1,000 jobs).