Unemployment Numbers Strong for December and All of 2017

Joanna Estrada
January 20, 2018

Oregon employers ended 2017 on a high note, adding 14,700 jobs in December, according to data out Wednesday from the Oregon Employment Department.

The average unemployment rate for 2017 was 4 percent, Oregon's lowest annual average unemployment rate since records began in 1976. Health care and social assistance employment rose by 7,300, leisure and hospitality jobs rose by 6,900, while trade, transportation and utility-related employment rose by 5,600.

New Hampshire's unemployment rate has been below 3.0% for 25 straight months.

Only a handful of industry subsectors shed jobs previous year, including logging, transportation equipment manufacturing, paper manufacturing and a few others. In reality, it added 400, for a net loss of 2,800. Instead, it added 4,700, for a collective gain of 3,900.

The state economist's report warned of slowing job growth toward the end of a year ago, however.

"That's a flawless recipe for producing a healthy labor market", he said.

The U.S. unemployment rate was 4.1 percent again, the same as the month before and down from 4.6 percent a year prior.

Turek noted that all 13 industry sectors of the economy added jobs in 2017, something that hasn't happened for a long time. The state said it paid unemployment insurance benefits to 63,570.

Other reports by Click Lancashire

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