Unemployment Rate Drops By A Point

Oregon’s unemployment rate dropped a full point in October to 6.9 percent, mirroring the national trend.   Oregon Employment Department Economist Gail Krumenauer says it’s a significant improvement from a rate of nearly 15 percent in April, but she adds the number of people jobless for a long period of time is up considerably.  The number of those without a job for more than half-a-year has tripled in the past six months.  Krumenauer says the state has regained a little less than half the jobs it lost at the onset of the pandemic.  But she notes these figures don’t take into account the two-week “freeze” restrictions the state will be under.  Those changes will probably be reflected in numbers released next month.

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