Overall unemployment rate moved down to 5.3% with the biggest shift in Construction, Mining, which gained 3,900 roles, based on the most recently available information published in June 2021.
Total employment in the Portland-Vancouver-Hillsboro, OR-WA market rose by 13,556 jobs in May and the unemployment rate decreased compared to the prior month by 40 bps to 5.3%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Portland-Vancouver-Hillsboro, OR-WA unemployment rate is 20 bps below the national rate which is a positive sign.
- Unemployment in the market is 650 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 1.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Transportation & Utilities: 220,400; +500
- Business Services: 191,900; +3,200
- Education & Healthcare: 179,800; -200
- Government: 144,100; +900
- Manufacturing: 120,000; +1,000
- Restaurants & Hotels: 92,900; +1,900
- Construction, Mining: 77,200; +3,900
- Financial Services: 71,900; +500
- Other Jobs: 38,800; +400
- IT & Development: 25,700; +600
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.