Oregon’s unemployment rate dropped to 3.8% in March, down from 4.0% in February, continuing its rapid decline of recent months. The March unemployment rate is well below the 6.1% it reached a year ago and is the lowest since prior to the pandemic-induced recession two years ago, in March 2020, when it was 3.5%. Oregon Employment Department Economist Gail Krumenauer says In March, Oregon’s seasonally adjusted nonfarm payroll employment rose by 5,600 jobs, following a revised gain of 9,700 jobs in February. The U.S. unemployment rate was 3.6% in March and 3.8% in February.