SALEM — The state’s unemployment rate is 7% at its lowest point since August of 2008, more than five years. Economists say it’s a sign that the economy is accelerating out of a sluggish recovery from recession.
“The state has been adding jobs finally at a good pace and people that are looking for work are able to find jobs quicker than at any point since the recession,” said economist Nick Beleiciks with the Oregon Employment Department.
4,400 jobs were added in the month of December with growth across most sectors, lead by professional and business services, and government. Compared to the previous December, 28,000 fewer people are unemployed when the rate was 8.3%.
2013 brought healthy job growth of nearly 2.5% with over 37,000 going back to work, 15,000 more than the previous year. Still, there are about 132,000 Oregonians who can’t find full-time work.