Oregon’s nonfarm payroll employment rises by 4,000 in May

SALEM Ore. (KPTV) – According to the Oregon Employment Department, the states seasonally adjusted nonfarm payroll employment saw a 4,000 job rise in May, following the revised gain of 2,400 jobs in April.

Overall, professions with the most job increases were health care and social assistance, gaining 1,900 and leisure and hospitality, adding 1,000. Monthly declines were the largest in retail trade (-800) and construction (-400).

For the fourth month in a row Oregon’s unemployment rate was recorded at 4.2% for the month of May, with the U.S. rate being 4.0%. Oregon’s rate has sat at or below this percentage every month since October 2021.

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OED plans to release the May county and metropolitan area unemployment rates on June 25, followed by the results of the statewide unemployment rate and employment survey data for June on July 17.

Private sector

Growth has been especially slow this year with an increase of only 3,500 jobs (0.2%). This year’s data pins health care and social assistance as the primary source of growth, increasing by 16,200 jobs (+5.7%).

This year’s data for the largest job declines lists manufacturing with 3,700 losses, retail trade with 3,400 lost, and construction with a drop of 2,200.

Public sector

9,100 jobs were added over the course of the year, with local education having gained 3,400. This growth brought local schools employment number to 142,600, putting them at the level they sat at in spring 2019 for the first time since the pandemic.

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