In November, Oregon’s seasonally adjusted nonfarm payroll employment declined by 7,300 jobs, following a revised loss of 4,300 jobs in October. November’s losses were largest in professional and business services (-2,900 jobs); construction (-1,700); leisure and hospitality (-1,500); financial activities (-1,300); and information (-1,000). The only industry growing substantially in November was health care and social assistance, which added 2,400 jobs.

Today, the Oregon Employment Department announced the 2024 contribution rate for Paid Leave in Oregon and the 2024 tax rate for Unemployment Insurance. The department is mailing each employer their annual notice of the new rates. 

Oregon’s unemployment rate stayed at 3.4% in August, the same as July. This tied Oregon’s record low of 3.4%, which also was reached in November and December 2019. Since May, Oregon’s unemployment rate has been below 4%. The U.S. unemployment rate rose from 3.5% in July to 3.8% in August.