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News Release
Press Release: Oregon's Nonfarm Payroll Employment Rises by 4,000 in May - 06/20/24

FOR IMMEDIATE RELEASE:  June 20, 2024

CONTACT INFORMATION: 
Gail Krumenauer, State Employment Economist 
(971) 301-3771

Video and Audio available at 10 a.m.

Oregon’s Nonfarm Payroll Employment Rises by 4,000 in May

Salem, OR  In May, Oregon’s seasonally adjusted nonfarm payroll employment rose by 4,000 jobs, following a revised gain of 2,400 jobs in April. Health care and social assistance gained 1,900 jobs in May, while leisure and hospitality added 1,000. Monthly declines were largest in retail trade (-800) and construction (-400).

Private-sector job growth has been very slow over the year, gaining 3,500 jobs (+0.2%). Health care and social assistance was the primary source of growth with a solid gain of 16,200 jobs (+5.7%). All four component industries have been adding jobs at a rapid clip. Elsewhere in the private sector, manufacturing dropped 3,700 jobs over the year, retail trade lost 3,400, and construction dropped 2,200 jobs in the past year.

The public sector added 9,100 jobs over the past 12 months. Local, state, and federal government are all at least 2% above their job counts a year ago. Local education gained 3,400 jobs over the year to reach 142,600 in May. This is the first spring that local schools reached the employment level in spring 2019, prior to the pandemic.

Oregon’s unemployment rate was 4.2% in May for the fourth straight month. Looking back at the past few years, Oregon’s monthly unemployment rate has been 4.2% or lower every month since October 2021. The U.S. unemployment rate was 4.0% in May.

Next Press Releases

The Oregon Employment Department plans to release the May county and metropolitan area unemployment rates on Tuesday, June 25, and the next statewide unemployment rate and employment survey data for June on Wednesday, July 17.

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Notes:

All numbers in the above narrative are seasonally adjusted except for the local government education job figures.

The Oregon Employment Department and the U.S. Bureau of Labor Statistics (BLS) work cooperatively to develop and publish monthly Oregon payroll employment and labor force data. The estimates of monthly job gains and losses are based on a survey of businesses. The estimates of unemployment are based on a survey of households and other sources.

The Oregon Employment Department publishes payroll employment estimates that are revised quarterly by using employment counts from employer unemployment insurance tax records. All department publications use this Official Oregon Series data unless noted otherwise. The department continues to make the original nonfarm payroll employment series available; these data are produced by the BLS.

 

The PDF version of this news release can be found at QualityInfo.org/press-release. To get the data in other formats such as in Excel, visit QualityInfo.org, select Tools, then choose LAUS or CES under the Economy header. To request the press release as a Word document, contact the person shown at the top of this press release.

To file a claim for unemployment benefits or get more information about unemployment programs, visit unemployment.oregon.gov.

The Oregon Employment Department (OED) is an equal opportunity agency. OED provides free help so you can use our services. Some examples are sign language and spoken-language interpreters, written materials in other languages, large print, audio, and other formats. To get help, please call 503-947-1444. TTY users call 711. You can also send an email to communications@employ.oregon.gov.

El Departamento de Empleo de Oregon (OED) es una agencia de igualdad de oportunidades. El OED proporciona ayuda gratuita para que usted pueda utilizarnuestros servicios. Algunos ejemplos son intérpretes de lengua de señas e idiomas hablados, materiales escritos en otros idiomas, letra grande, audio y otros formatos. Para obtener ayuda, por favorllame al 503-947-1444. Usuarios de TTY pueden llamar al 711. También puede enviar un correo electrónico a communications@employ.oregon.gov.

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