Oregon’s unemployment rate was 4.8% in May and 4.7% in April, after rising gradually over the past year from 4.1% in May 2024. Oregon’s 4.8% unemployment rate was 1.2 percentage points higher than the recent low of 3.6% during spring 2023. The U.S. unemployment rate was 4.2% in both April and May.
In May, Oregon’s seasonally adjusted nonfarm payroll employment declined by 1,400 jobs, following a revised gain of 1,000 jobs in April. May’s gains were largest in leisure and hospitality (+1,300 jobs); transportation, warehousing, and utilities (+1,200); and health care and social assistance (+900). Declines were largest in construction (-1,700 jobs); manufacturing (-1,200); and professional and business services (-900).
Leisure and hospitality has grown rapidly this year, adding 1,300 jobs in May and 6,000 jobs so far this year, following slight declines over the prior two years. In the past 12 months, three component industries grew rapidly: amusement, gambling, and recreation (+1,700 jobs, or 8.5%); limited-service restaurants and other eating places (+3,600 jobs, or 4.8%); and accommodation (+1,100 jobs, or 4.5%).
Construction employment dropped by 1,700 jobs in May, to a total of 112,300 jobs, continuing a downward trend. Since reaching a peak of 119,000 jobs in June 2023, construction has shed 6,700 jobs, or -5.6%.
Manufacturing cut 1,200 jobs in May, continuing its decline of the past two years. Since May 2024, manufacturing has lost 6,100 jobs, or -3.3%. In that time, the component industries cutting the most jobs were semiconductor and other electronic component manufacturing (-2,900 jobs, or -8.7%); transportation equipment manufacturing (-500 jobs, or -4.5%); and fruit and vegetable preserving and specialty food manufacturing (-400 jobs, or -4.4%).
Next Press Releases
The Oregon Employment Department plans to release the May county and metropolitan area unemployment rates on Tuesday, June 24, and the next statewide unemployment rate and employment survey data for June on Wednesday, July 16.
