Oregon s Unemployment Rate was Unchanged at 7.1 Percent in September, as Jobs Declined 300. Millions

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1 NEWS 875 Union Street NE Salem, Oregon PH: TTY-TDD FOR IMMEDIATE RELEASE: October 14, 2014 PRESS CONFERENCE PRESENTER: Nick Beleiciks, State Employment Economist CONTACT INFORMATION: David Cooke, Economist (503) Oregon s Unemployment Rate was Unchanged at 7.1 Percent in September, as Jobs Declined 300 Oregon s seasonally adjusted unemployment rate was 7.1 percent in September, the same as the revised August rate of 7.1 percent. The August preliminary rate was originally reported as 7.2 percent. Oregon s unemployment rate has been near 7.0 percent throughout the year, with the rate staying between 6.8 percent and 7.1 percent during each of the past 10 months. In September, Oregon s unemployment rate was above the U.S. unemployment rate of 5.9 percent. September Labor Market Highlights Oregon s seasonally adjusted unemployment rate was 7.1 percent in September, unchanged from the revised August rate. Oregon s seasonally adjusted payroll employment declined 300 in September, following a revised gain of 4,200 in August. Oregon added 37,300 payroll jobs since September 2013, equal to a growth rate of 2.2 percent. Percent 12.0 Oregon unemployment rate, seasonally adjusted Millions 1.8 Oregon nonfarm payroll employment, seasonally adjusted Oregon Employment Department is an equal opportunity employer/program. Oregon Employment Department es un programa/empleador que respeta la igualdad de oportunidades.

2 Employment Department News Release Page 2 of 3 October 14, 2014 Oregon s labor force expanded rapidly in recent months. The seasonally adjusted civilian labor force, which includes the employed plus the unemployed, rose by 5,600 in September, following similarly rapid gains in the prior two months. This helped Oregon s labor force participation rate rise to 61.5 percent in September, from 61.1 percent in June. The number of people unemployed because they lost their job is falling. In September, approximately 51,000 unemployed Oregonians were unemployed due to involuntary job loss. Unemployment caused by job loss has declined rapidly since reaching a peak of more than 140,000 in mid This decline is a sign of continuing strengthening in the demand for workers. Meanwhile, the number of unemployed new and returning entrants in the labor force totaled about 59,000, a level that has been maintained throughout the past four years. Following rapid job gains during November 2013 through May 2014, the pace of job gains slowed over the past four months. Seasonally adjusted payroll employment in September declined 300, after growing by 4,200 in August, as revised. Seasonal Expectations and Over the Month Employment Changes August to September 2014 INDUSTRY Normal Seasonal Movement Unadjusted Change Seasonally Adjusted Change Total nonfarm payroll employment 8,200 7, Total private 0-2,400-2,400 Mining and logging Construction Manufacturing , Wholesale trade Retail trade Transportation, warehousing and utilities Information Financial activities Professional and business services -1, ,900 Private educational services 5,600 5, Health care and social assistance Leisure and hospitality -5,100-4,100 1,000 Other services 1, ,600 Government 8,200 10,300 2, , , , , , ,000 50,000 0 Oregon Seasonally Adjusted Employment Trade, transportation, and utilities Government Health care and social assistance <--Professional and business Manufacturing Financial activities Leisure and hospitality Mining and logging Construction Information Other services '09 '10 '11 '12 '13 '14

3 Employment Department News Release Page 3 of 3 October 14, 2014 Payroll employment grew moderately since September 2013, with seasonally adjusted jobs up 37,300, or 2.2 percent. Most of the major industries expanded during that time, with the exceptions being financial activities ( 2,200 jobs, 2.4%) and information ( 200 jobs, 0.6%). Over the past 12 months, these industries led the expansion: professional and business services (+7,800 jobs, +3.7%), health care and social assistance (+5,800 jobs, +2.8%), leisure and hospitality (+5,600 jobs, +3.2%), and manufacturing (+5,000 jobs, +2.9%). In addition, government (+6,000 jobs, +2.1%) recently contributed to overall employment gains following continuous job losses from 2009 through mid In September, the average wage was $22.82 per hour for Oregon s private sector payroll employees, up 22 cents from $22.60 in August. Wages have increased 17 cents, or 0.8 percent, from September 2013 when the average was $ Over the year wage gains indicate that hourly earnings are not increasing as fast as inflation. Next Press Releases The Oregon Employment Department plans to release the September county and metropolitan area unemployment rates on Monday, October 20 th and the statewide unemployment rate and employment survey data for October on Tuesday, November 18 th. The average workweek for Oregon s privatesector payroll employees was 34.0 hours in September and 34.1 hours in August. In September 2013, the average was 34.7 hours. The Oregon Employment Department is responsible for releasing Oregon s monthly payroll employment and labor force data. The data are prepared in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics (BLS). The BLS estimates of monthly job gains and losses are based on a survey of businesses. The BLS estimates of unemployment are based on a survey of households and other inputs. The Oregon Employment Department publishes payroll employment estimates that are revised quarterly by using employment counts from employer unemployment insurance tax records. All department publications use this official Oregon series data unless noted otherwise. This month s release incorporates the January, February and March 2014 tax records data. The department continues to make the original nonfarm payroll employment series available; these data are produced by the BLS and are revised annually. For the complete version of the news release, including tables and graphs, visit: For help finding jobs and training resources, visit one of the state's WorkSource Oregon Centers or go to: Equal Opportunity program auxiliary aids and services available upon request to individuals with disabilities

4 Workforce and Economic Research CES Updated With 1Q2014 QCEW October 13, 2014 Oregon Current Labor Force and Industry Employment September August September Change From Change From August 2014 September 2013 Labor Force Status Civilian labor force 1,952,263 1,971,365 1,928,004-19,102 24,259 Unemployed 119, , ,548-20,443-10,733 Unemployment rate Unemployment rate, seasonally adjusted Employed 1,832,448 1,831,107 1,797,456 1,341 34,992 Other Labor Force Indicators Labor force participation rate, seasonally adjusted Labor underutilization rate U-6, seasonally adjusted Nonfarm Payroll Employment Total nonfarm payroll employment 1,725,900 1,718,000 1,688,700 7,900 37,200 Total private 1,444,200 1,446,600 1,411,700-2,400 32,500 Mining and logging 8,600 8,700 8, Logging 6,800 6,900 6, Construction 81,200 81,800 79, ,100 Construction of buildings 20,600 20,900 19, ,000 Residential building construction 11,800 11,900 10, Nonresidential building construction 8,800 9,000 8, Heavy and civil engineering construction 9,400 9,200 9, Specialty trade contractors 51,200 51,700 49, ,400 Building foundation and exterior contractors 9,800 9,900 9, Building equipment contractors 23,000 23,100 22, Building finishing contractors 11,300 11,600 11, Other specialty trade contractors 7,100 7,100 6, Manufacturing 183, , ,800-1,500 4,900 Durable goods 129, , , ,800 Wood product manufacturing 22,300 22,400 21, Sawmills and wood preservation 6,300 6,300 6, Plywood and engineered wood product mfg. 8,400 8,500 8, Other wood product manufacturing 7,600 7,600 7, Primary metal manufacturing 8,400 8,400 8, Fabricated metal product manufacturing 15,400 15,500 15, Machinery manufacturing 12,600 12,700 11, Computer and electronic product manufacturing 36,500 36,600 37, Semiconductor and electronic component mfg. 28,200 28,300 28, Electronic instrument manufacturing 5,200 5,300 5, Transportation equipment manufacturing 11,200 11,200 10, Nondurable goods 54,500 55,600 54,400-1, Food manufacturing 28,400 29,300 28, Fruit and vegetable preserving and specialty 11,900 12,500 11, Paper manufacturing 4,500 4,500 4, Trade, transportation, and utilities 326, , , ,600 Wholesale trade 73,100 73,800 72, Merchant wholesalers, durable goods 32,800 32,900 32, Merchant wholesalers, nondurable goods 27,300 27,300 26, ,200 Electronic markets and agents and brokers 13,000 13,600 13, Retail trade 196, , , ,300 Motor vehicle and parts dealers 24,800 24,400 23, ,800 Building material and garden supply stores 15,100 15,300 14, Food and beverage stores 40,600 40,500 40, Clothing and clothing accessories stores 15,500 16,100 16, Sporting goods, hobby, book and music stores 10,000 10,000 9, General merchandise stores 41,100 41,500 40, Miscellaneous store retailers 10,500 10,400 10, Nonstore retailers 7,200 6,600 7, or2014estqbm.xlsm "CLFIE" Page 1 of 2 David Cooke (503)

5 September August September Change From Change From August 2014 September 2013 Transportation, warehousing, and utilities 57,300 56,900 55, ,600 Utilities 4,500 4,500 4, Transportation and warehousing 52,800 52,400 51, ,600 Truck transportation 19,200 19,000 18, Couriers and messengers 6,800 6,600 6, Warehousing and storage 6,900 6,900 6, Information 32,200 32,900 32, Publishing industries, except internet 13,600 13,700 13, Newspaper, book, and directory publishers 4,000 4,000 4, Software publishers 9,600 9,700 9, Telecommunications 6,800 6,800 6, Financial activities 90,300 91,000 92, ,700 Finance and insurance 54,700 55,300 56, ,600 Credit intermediation and related activities 26,100 26,600 27, ,500 Insurance carriers and related activities 23,800 23,900 23, Real estate and rental and leasing 35,600 35,700 35, Real estate 31,300 31,400 30, Professional and business services 222, , , ,300 Professional and technical services 83,300 83,000 80, ,900 Legal services 11,700 11,900 12, Architectural and engineering services 13,500 13,100 13, Computer systems design and related services 14,700 14,500 13, ,100 Management of companies and enterprises 40,100 40,000 38, ,600 Administrative and waste services 99,000 98,600 95, ,800 Administrative and support services 94,200 93,800 90, ,200 Employment services 40,500 40,300 38, ,900 Business support services 15,300 15,300 15, Services to buildings and dwellings 22,000 21,800 20, ,200 Educational and health services 249, , ,000 5,300 6,900 Educational services 34,700 29,400 33,900 5, Health care and social assistance 215, , , ,100 Ambulatory health care services 78,300 79,000 76, ,800 Hospitals 55,500 55,200 54, ,300 Nursing and residential care facilities 46,300 47,000 45, Social assistance 35,100 34,000 32,900 1,100 2,200 Leisure and hospitality 188, , ,700-4,100 5,100 Arts, entertainment, and recreation 23,100 24,400 23,400-1, Amusement, gambling, and recreation 16,200 18,100 16,700-1, Accommodation and food services 165, , ,300-2,800 5,400 Accommodation 25,500 26,600 23,700-1,100 1,800 Food services and drinking places 140, , ,600-1,700 3,600 Full-service restaurants 67,400 68,100 64, ,800 Limited-service eating places 58,500 59,200 58, Other services 60,300 60,900 58, ,900 Repair and maintenance 16,800 17,000 16, Personal and laundry services 14,300 14,700 13, Membership associations and organizations 29,200 29,200 28, Religious organizations 16,900 15,700 16,400 1, Government 281, , ,000 10,300 4,700 Federal government 28,400 28,800 28, State government 79,000 79,200 76, ,400 State education 26,700 27,100 26, Local government 174, , ,200 10,900 2,100 Indian tribal 8,300 8,500 8, Local education 85,100 73,700 85,400 11, Labor-management disputes The 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 persons marginally 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 data exclude the self-employed, volunteers, unpaid family workers, and domestics. These survey-based estimates are revised quarterly, based on more complete information from employer tax records. or2014estqbm.xlsm "CLFIE" Page 2 of 2 David Cooke (503)