Oregon’s unemployment rate at, near record low for years

Oregon

Economists say data since 1976 depicts a 4% record low in May 2018

Employment application generic jobs_175284

FILE – This April 22, 2014, file photo shows an employment application form on a table during a job fair at Columbia-Greene Community College in Hudson, N.Y. The Labor Department releases its weekly report on applications for unemployment benefits on Thursday, Sept. 25, 2014. (AP Photo/Mike Groll, File)

EUGENE, Ore. (AP) – Oregon’s unemployment rate has been at or near a record low percentage for about three years.

The Register-Guard reported Tuesday that the Oregon Employment Department released its latest figures Tuesday.

The monthly report reveals the state’s unemployment rate for June has decreased to 4.1% from 4.2% in May.

Economists say data since 1976 depicts a 4% record low in May 2018.

The report shows the rate has not piqued above 4.5% since November 2016.

Officials say the percentage can be attributed to professional, business and manufacturing services that have added more than 2,100 jobs in June.

Officials say the created jobs offset the more than 1,900 lost in the leisure, hospitality and retail trade industries.

Economists say Oregon’s 2.4% job growth rate was almost double the national figure this year.

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