Saturday, October 9, 2010

Unemployment rate unchanged at 12.2 percent - Business First of Columbus:

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percent, state officials said Monday. But the states added 3,600 construction jobs in June, a sign that the state’zs economy might be improving. The state normallu adds 2,000 construction jobs in The only other major sector to exceed expectation was leisureand hospitality, which addef 3,500 jobs, just above seasonal expectations. Oregom has the second-highest unemployment in the nation, behind Michigan. Oregon’ws unemployment rate is well abovethe 9.5 percent nationall unemployment rate. Also in June, manufacturing adder 1,000 jobs. The normal seasonal gain is Likewise, professional services cut 600 jobs when a gainof 1,90p0 is normal. Financial services shed 600 jobs.
The industruy normally gains 200 jobs in On Monday, officials revised the state’s May unemployment numberf down to 12.2, meaning the unemployment rate remained flat in Oregon’s unemployment rate in May was the highesgt level since the state began measuring it in 1976. More than 240,000 Oregonians were unemployedin June, up from 114,00p0 in June of last year. The state’ss unemployment rate was 5.9 percent last June. The federapl government will release updated unemployment statisticson Aug. 7. The state’a unemployment percentage reflects the number ofOregonians “actively seeking work.
” It includes workerxs receiving unemployment benefits as well as workers who have movedx to Oregon and not found a job. It also includew workers whose unemployment benefits haverun out. In order to generatw the number, the state surveys 1,000 households. Usintg federal population data, the state determines the unemploymeny percentage using amathematical formula. The federal governmen uses the same methodology to determine the nationalpunemployment percentage, but surveys 60,000 households.

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