Employment in Oregon - January 2015
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SUPPORT BUSINESS • PROMOTE EMPLOYMENT NEWS FOR IMMEDIATE RELEASE: March 3, 2015 PRESS CONFERENCE PRESENTER: Nick Beleiciks, State Employment Economist CONTACT INFORMATION: David Cooke, Economist (503) 947‐1272 Oregon’s Unemployment Rate Drops to 6.3 Percent—Lowest Since July 2008 Oregon’s unemployment rate dropped to 6.3 percent in January, down from 6.7 percent in December. January’s rate was the lowest since July 2008. This continues the trend of decline we’ve seen since May 2009, when Oregon’s rate peaked at 11.9 percent. The number of unemployed also declined to 124,000, from 138,000 a year ago. Nonfarm payroll employment rose by 7,600—the fourth time in five months we’ve added more than 6,000 jobs. In addition to Oregon’s continued economic growth, January weather was unusually mild, which allowed many outdoor industries, particularly construction, to keep more workers on the job than they might usually at this time of year. Employment set another record level in January and rose 55,600 above a year ago, a 3.3 percent increase. Oregon’s private sector grew by 49,100 jobs or 3.5 percent. Meanwhile, government expanded by 6,500 jobs or 2.2 percent. The fastest growing of the major private‐sector industries each grew by at least 4 percent over the year: retail trade (+8,000 jobs or 4.1%); manufacturing (+7,000 jobs or 4.0%); transportation, warehousing, and utilities (2,600 jobs or 4.6%); and professional and business services (+13,100 jobs or 6.1%). Several component industries within professional and business services expanded at very rapid rates of near 6 percent or more, including computer systems design, management of companies, administrative services, and employment services. Putting Oregon’s employment growth into perspective, the rate of growth has steadily accelerated over the past few years: jobs grew 1.4 percent in 2012, 2.4 percent in 2013, and 3.3 percent in the past 12 months. This most recent over‐the‐year growth of 3.3 percent is the fastest pace since June 2006. Other than brief periods during 2004 through 2006, the last time Oregon jobs grew faster was the four‐year period ending in July 1997 when Oregon averaged 4.0 percent growth. Next Press Releases The Oregon Employment Department plans to release the January county and metropolitan area unemployment rates on Tuesday, March 10th and the statewide unemployment rate and employment survey data for February on Tuesday, March 17th.
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Transcript of Employment in Oregon - January 2015
SUPPORT BUSINESS • PROMOTE EMPLOYMENT
NEWS FORIMMEDIATERELEASE:March3,2015
PRESSCONFERENCEPRESENTER:NickBeleiciks,StateEmploymentEconomistCONTACTINFORMATION:DavidCooke,Economist(503)947‐1272
Oregon’sUnemploymentRateDropsto6.3Percent—LowestSinceJuly2008
Oregon’sunemploymentratedroppedto6.3percentinJanuary,downfrom6.7percentinDecember.January’sratewasthelowestsinceJuly2008.Thiscontinuesthetrendofdeclinewe’veseensinceMay2009,whenOregon’sratepeakedat11.9percent.Thenumberofunemployedalsodeclinedto124,000,from138,000ayearago.Nonfarmpayrollemploymentroseby7,600—thefourthtimeinfivemonthswe’veaddedmorethan6,000jobs.InadditiontoOregon’scontinuedeconomicgrowth,Januaryweatherwasunusuallymild,whichallowedmanyoutdoorindustries,particularlyconstruction,tokeepmoreworkersonthejobthantheymightusuallyatthistimeofyear.EmploymentsetanotherrecordlevelinJanuaryandrose55,600aboveayearago,a3.3percentincrease.Oregon’sprivatesectorgrewby49,100jobsor3.5percent.Meanwhile,governmentexpandedby6,500jobsor2.2percent.Thefastestgrowingofthemajorprivate‐sectorindustrieseachgrewbyatleast4percentovertheyear:retailtrade(+8,000jobsor4.1%);manufacturing(+7,000jobsor4.0%);transportation,warehousing,andutilities(2,600jobsor4.6%);andprofessionalandbusinessservices(+13,100jobsor6.1%).Severalcomponentindustrieswithinprofessionalandbusinessservicesexpandedatveryrapidratesofnear6percentormore,includingcomputersystemsdesign,managementofcompanies,administrativeservices,andemploymentservices.PuttingOregon’semploymentgrowthintoperspective,therateofgrowthhassteadilyacceleratedoverthepastfewyears:jobsgrew1.4percentin2012,2.4percentin2013,and3.3percentinthepast12months.Thismostrecentover‐the‐yeargrowthof3.3percentisthefastestpacesinceJune2006.Otherthanbriefperiodsduring2004through2006,thelasttimeOregonjobsgrewfasterwasthefour‐yearperiodendinginJuly1997whenOregonaveraged4.0percentgrowth.NextPressReleasesTheOregonEmploymentDepartmentplanstoreleasetheJanuarycountyandmetropolitanareaunemploymentratesonTuesday,March10thandthestatewideunemploymentrateandemploymentsurveydataforFebruaryonTuesday,March17th.
EmploymentDepartmentNewsRelease Page2of3 March3,2015
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SeasonalExpectationsandOver‐the‐MonthEmploymentChanges
December2014toJanuary2015
INDUSTRYNormalSeasonalMovement
UnadjustedChange
SeasonallyAdjustedChange
Totalnonfarmpayrollemployment -34,200 -26,600 7,600
Totalprivate -30,400 -22,800 7,600
Miningandlogging -300 -300 0
Construction -3,000 -1,600 1,400
Manufacturing -2,900 -700 2,200
Wholesaletrade -700 -300 400
Retailtrade -9,900 -7,700 2,200Transportation,warehousingandutilities -1,600 -1,200 400
Information 0 -600 -600
Financialactivities -900 -900 0
Professionalandbusinessservices -5,100 -1,900 3,200
Privateeducationalservices -1,100 -3,000 -1,900Healthcareandsocialassistance -1,200 -600 600
Leisureandhospitality -3,200 -3,200 0
Otherservices -500 -800 -300
Government -3,800 -3,800 0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
11.0
12.0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Oregon Unemployment Rate,Seasonally Adjusted
Percent
1.5
1.6
1.7
1.8
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Oregon Nonfarm Payroll Employment,Seasonally Adjusted
Millions
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
'10 '11 '12 '13 '14 '15
Oregon Seasonally Adjusted Employment
Trade, transportation, and utilities
Government
Health care and social assistance
<--Professional and business
Manufacturing
Leisure and hospitality
Financial activities
ConstructionOther services
Information
Mining and logging
EmploymentDepartmentNewsRelease Page3of3 March3,2015
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Note:allnumbersintheabovenarrativeareseasonallyadjusted.TheOregonEmploymentDepartmentandtheU.S.BureauofLaborStatistics(BLS)workcooperativelytodevelopandpublishmonthlyOregonpayrollemploymentandlaborforcedata.Theestimatesofmonthlyjobgainsandlossesarebasedonasurveyofbusinesses.Theestimatesofunemploymentarebasedonasurveyofhouseholdsandothersources.Thispressreleaseincorporates,forthefirsttime,theannualrevisionstothedatafor2014andprioryears.
Thepdfversionofthenewsrelease,includingtablesandgraphs,canbefoundatwww.QualityInfo.org/press‐release.ToobtainthedatainotherformatssuchasinExcel,visitwww.QualityInfo.org,thenwithinthetopbanner,selectEconomicData,thenchooseLAUSorCES.TorequestthepressreleaseasaWorddocument,contactthepersonshownatthetopofthispressrelease.Forhelpfindingjobsandtrainingresources,visitoneofthestate'sWorkSourceOregonCentersorgoto:www.WorkSourceOregon.org.
EqualOpportunityprogram—auxiliaryaidsandservicesavailableuponrequesttoindividualswithdisabilities.Contact:(503)947‐1794.FortheDeafandHardofHearingpopulation,call711TelecommunicationsRelayServices.
Workforce and Economic Research
2014 Benchmark
January December January Change From Change From
2015 2014 2014 December 2014 January 2014
Labor Force Status
Civilian labor force 1,942,700 1,951,265 1,899,924 -8,565 42,776
Unemployed 128,106 124,532 149,299 3,574 -21,193
Unemployment rate 6.6 6.4 7.9 0.2 -1.3
Unemployment rate, seasonally adjusted 6.3 6.7 7.2 -0.4 -0.9
Employed 1,814,594 1,826,733 1,750,626 -12,139 63,968
Other Labor Force Indicators
Labor force participation rate, seasonally adjusted 61.6 61.6 60.8 0.0 0.8
Labor underutilization rate – U-6, seasonally adjusted 12.6 13.1 15.0 -0.5 -2.4
Nonfarm Payroll Employment
Total nonfarm payroll employment 1,728,100 1,754,700 1,669,100 -26,600 59,000
Total private 1,428,900 1,451,700 1,376,500 -22,800 52,400
Mining and logging 7,100 7,400 7,400 -300 -300
Logging 5,800 6,000 6,000 -200 -200
Construction 76,600 78,200 74,100 -1,600 2,500
Construction of buildings 20,500 20,700 18,800 -200 1,700
Residential building construction 11,700 11,900 10,400 -200 1,300
Nonresidential building construction 8,800 8,800 8,400 0 400
Heavy and civil engineering construction 7,800 8,600 7,900 -800 -100
Specialty trade contractors 48,300 48,900 47,400 -600 900
Building foundation and exterior contractors 8,800 9,100 8,700 -300 100
Building equipment contractors 22,800 22,700 23,200 100 -400
Building finishing contractors 10,600 10,600 9,800 0 800
Other specialty trade contractors 6,100 6,500 5,700 -400 400
Manufacturing 180,200 180,900 174,100 -700 6,100
Durable goods 127,300 127,300 123,500 0 3,800
Wood product manufacturing 21,700 21,900 21,600 -200 100
Sawmills and wood preservation 6,300 6,400 6,300 -100 0
Plywood and engineered wood product mfg. 8,100 8,100 8,200 0 -100
Other wood product manufacturing 7,300 7,400 7,100 -100 200
Primary metal manufacturing 8,400 8,400 8,400 0 0
Fabricated metal product manufacturing 15,300 15,500 15,100 -200 200
Machinery manufacturing 12,300 12,300 12,000 0 300
Computer and electronic product manufacturing 37,000 36,800 36,200 200 800
Semiconductor and electronic component mfg. 28,500 28,300 27,700 200 800
Electronic instrument manufacturing 5,200 5,200 5,200 0 0
Transportation equipment manufacturing 11,600 11,600 10,900 0 700
Nondurable goods 52,900 53,600 50,600 -700 2,300
Food manufacturing 25,900 26,600 25,200 -700 700
Fruit and vegetable preserving and specialty 8,700 9,100 8,800 -400 -100
Paper manufacturing 4,400 4,500 4,600 -100 -200
Trade, transportation, and utilities 330,900 340,100 318,000 -9,200 12,900
Wholesale trade 72,900 73,200 71,400 -300 1,500
Merchant wholesalers, durable goods 33,500 33,200 32,300 300 1,200
Merchant wholesalers, nondurable goods 26,200 26,400 25,700 -200 500
Electronic markets and agents and brokers 13,200 13,600 13,400 -400 -200
Retail trade 199,300 207,000 190,800 -7,700 8,500
Motor vehicle and parts dealers 23,300 24,000 22,800 -700 500
Building material and garden supply stores 13,900 14,100 13,600 -200 300
Food and beverage stores 40,900 41,400 39,800 -500 1,100
Clothing and clothing accessories stores 16,500 18,200 16,200 -1,700 300
Sporting goods, hobby, book and music stores 10,100 11,000 9,900 -900 200
General merchandise stores 42,200 45,300 40,700 -3,100 1,500
Miscellaneous store retailers 10,300 11,000 9,900 -700 400
Nonstore retailers 7,000 8,600 6,400 -1,600 600
Oregon Current Labor Force and Industry Employment
March 2, 2015
or2015est.xlsm "CLFIE" Page 1 of 2 David Cooke (503) 947-1272
January December January Change From Change From
2015 2014 2014 December 2014 January 2014
Transportation, warehousing, and utilities 58,700 59,900 55,800 -1,200 2,900
Utilities 4,400 4,500 4,500 -100 -100
Transportation and warehousing 54,300 55,400 51,300 -1,100 3,000
Truck transportation 18,200 17,900 17,900 300 300
Couriers and messengers 7,500 8,900 7,300 -1,400 200
Warehousing and storage 7,000 7,000 6,700 0 300
Information 32,400 33,000 31,700 -600 700
Publishing industries, except internet 14,100 14,100 13,800 0 300
Newspaper, book, and directory publishers 4,000 4,000 4,200 0 -200
Software publishers 10,100 10,100 9,600 0 500
Telecommunications 6,100 6,100 6,700 0 -600
Financial activities 91,800 92,700 90,300 -900 1,500
Finance and insurance 55,400 56,300 55,800 -900 -400
Credit intermediation and related activities 26,200 26,600 27,100 -400 -900
Insurance carriers and related activities 23,600 24,300 23,400 -700 200
Real estate and rental and leasing 36,400 36,400 34,500 0 1,900
Real estate 31,800 31,800 29,700 0 2,100
Professional and business services 221,600 223,500 208,700 -1,900 12,900
Professional and technical services 86,500 85,400 82,000 1,100 4,500
Legal services 12,200 12,200 11,700 0 500
Architectural and engineering services 13,100 13,300 12,800 -200 300
Computer systems design and related services 14,700 14,400 13,900 300 800
Management of companies and enterprises 41,600 41,400 39,100 200 2,500
Administrative and waste services 93,500 96,700 87,600 -3,200 5,900
Administrative and support services 87,900 91,600 82,700 -3,700 5,200
Employment services 36,400 39,500 33,800 -3,100 2,600
Business support services 15,600 16,300 15,600 -700 0
Services to buildings and dwellings 20,900 21,100 18,400 -200 2,500
Educational and health services 253,200 256,800 243,500 -3,600 9,700
Educational services 34,400 37,400 33,600 -3,000 800
Health care and social assistance 218,800 219,400 209,900 -600 8,900
Ambulatory health care services 79,800 80,300 77,300 -500 2,500
Hospitals 54,700 54,700 53,300 0 1,400
Nursing and residential care facilities 48,000 48,700 45,700 -700 2,300
Social assistance 36,300 35,700 33,600 600 2,700
Leisure and hospitality 175,900 179,100 171,300 -3,200 4,600
Arts, entertainment, and recreation 22,900 22,800 21,400 100 1,500
Amusement, gambling, and recreation 17,300 17,000 15,900 300 1,400
Accommodation and food services 153,000 156,300 149,900 -3,300 3,100
Accommodation 19,900 20,400 20,000 -500 -100
Food services and drinking places 133,100 135,900 129,900 -2,800 3,200
Full-service restaurants 64,000 65,700 61,300 -1,700 2,700
Limited-service eating places 55,800 57,000 55,700 -1,200 100
Other services 59,200 60,000 57,400 -800 1,800
Repair and maintenance 16,400 16,700 15,700 -300 700
Personal and laundry services 13,800 13,900 13,300 -100 500
Membership associations and organizations 29,000 29,400 28,400 -400 600
Religious organizations 16,800 17,000 16,600 -200 200
Government 299,200 303,000 292,600 -3,800 6,600
Federal government 26,400 27,100 26,500 -700 -100
State government 85,500 86,800 82,700 -1,300 2,800
State education 33,400 34,800 32,900 -1,400 500
Local government 187,300 189,100 183,400 -1,800 3,900
Indian tribal 8,200 8,300 8,100 -100 100
Local education 99,100 100,100 97,900 -1,000 1,200
Labor-management disputes 0 0 0 0 0
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.
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.
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.
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