Oregon job market gets worse; unemployment skyrockets
SALEM (AIM Orison's
unemployment rule til
creased sharply List month,
rising hulf ii percentage
point to f>-l percent, the staid Employ
merit Division said Wednesday
Thi’ seasonally adjusted rate trails
lated to HO,-1(H) Oregonians on the joli
less rolls That was the highest (litoher
level since JflIMi. when 'H>.H(H) people
applied for unemployment benefits, the
agency said
Division analyst (Indium Slater nulled
the news disturbing hut said there's no
cause for alarm at this point
The month to month increase is just
not that good uf an indicator.' Slater
said
"II the rate slavs at the l. 1 percent
level or higher for the nett few months,
then it would tie clear that Oregon’s
economy has taken .1 lurn for the
worse, hr said
Wilh the holiday- approac hing, he
said, ec onomists w ill he t Iom'Iv watch
ing koy are.is su< h .is the retail trades to
sis. if there's been a downturn in Ore
gon's economy
Despite the ini reuse. Oregon's unem
ployment rate sldl was lower than the
nation's, which 1 repl upward to (1 H per
1 ent in Oi toiler
Still, the ini erase in the state's joidess
rate tame as a surprise because of its
size and 1ms ause the rate has fn-rn 're
markahly stable" through most of l>eii,
the Employment Division said
forest fires or the threat ol fires result
ed in a sharp dis line in logging employ
rnent Iasi month, the division said
The number of Oregonians working in
logging plunged lo O.JOO in October, .1
drop of 2,ZOO from the previous month
and the lowest October level on record.
I he agent v •'.ltd
Other parts of the timber Industry, in
eluding sawmills and veneer and ply
wood lost smaller numlmrs of workers
as ( ullut ks and layoffs continued in the
industry, it said
The food processing industry exprri
enced a seasonal loss of .’.4(H) jobs,
while services employment greys by
2.1(H) jobs when a loss could have Ireen
expected, the division said
I.mployment in most manufacturing
industries, construction and trade ap
peared to Is- "reasonably strong” in C)«
tuber Hut transportation employment
fell as the decline.in logging ai tivity re
suited in .1 lessened demand for log
trui ks. the agent y said
State economists have bean saving for
months that Oregon, w ith its < ontmulng
influx of new residents. has largely been
able to es< ape the effe< ts of the ret is
sion gripping mui h of tin- rest of the na
lion
Slater said division analysts don't
know tf the October rise in unemplov
merit signals a major i hangc
The worst t ase would he that Oregon
is finally being seriously affected by the
national downturn, but that’s by no
means clear at this point,” be said
The increase in Oregon's jobless rate
drew .1 warning from U S Rep l.es An
Coin, I)Ore . that President Bush and
the Congress "must get off the dime on
et onomie recovery
AuCoin. who is giving up his House
seat to run for the Senate, urged Bush to
sign a bill to extend unemployment ben
efits He also said Congress and Bush
need to work together on an overall eco
Home recovery plan
Daily Emerald
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