Oregon jobless rate rises slightly as 2024 begins, reaches highest level in over 3 years
SALEM, Ore. (KTVZ) -- Oregon’s unemployment rate was 4.4% in January and 4.3%, as revised, in December, after rising gradually over the past year from 4.1% in January of 2024, the state Employment Department reported Monday.
Oregon’s 4.4% unemployment rate was the highest since September 2021, when the rate was also 4.4%. The U.S. unemployment rate was 4.1% in December 2024 and 4.0% in January 2025.
In January, Oregon’s seasonally adjusted nonfarm payroll employment rose by 2,400 jobs, following a revised decline of 2,000 jobs in December. January’s gains were largest in professional and business services (+1,400 jobs); leisure and hospitality (+1,200); retail trade (+900); and private educational services (+900). Declines were largest in manufacturing (-2,200) and health care and social assistance (-1,300).
Oregon’s private sector added 12,700 jobs, or 0.8%, between January 2024 and January 2025. Job gains during 2024 were less than previously indicated, as annual data revisions resulted in an average reduction of 15,600 jobs per month during the second half of 2024.
During the past three years, health care and social assistance was by far the fastest-growing sector of Oregon’s economy, adding 15,100 jobs, or 5.2%, in the 12 months through January. However, a large strike at a major health care provider contributed to the one-month drop of 1,300 jobs in this industry during January.
Industries that grew moderately during the most recent 12 months included other services (+2,100 jobs, or 3.2%); private educational services (+1,100 jobs, or 3.0%); professional and business services (+2,900 jobs, or 1.1%); and construction (+900 jobs, or 0.8%).
Manufacturing continued its decline of the past two years, cutting 6,900 jobs (-3.7%) in the 12 months through January, while retail trade shed 2,300 jobs (-1.1%) during that time.
Next Press Releases
The Oregon Employment Department plans to release the January county and metropolitan area unemployment rates on Tuesday, March 11, and the next statewide unemployment rate and employment survey data for February on Wednesday, March 26.
