Employment Snapshot - Portland-Vancouver-Hillsboro, OR-WA October-2021

Weller Emmons

VP of Analytics and Finance at Mployer Advisor. He is passionate about leveraging data to provide industry leading insights for Mployer Advisor’s clients. Prior to joining Mployer Advisor, Emmons served as a healthcare provider strategy consultant for Knowledge Capital Group and as an internal strategy consultant at HCA Healthcare. Emmons earned his MBA and BE in Biomedical Engineering, both from Vanderbilt University.

Market Employment Summary

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Additional Benchmarking Resources

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Overall unemployment rate moved down to 3.4% with the biggest shift in Government, which gained 6,300 roles, based on the most recently available information published in December 2021.

Total employment in the Portland-Vancouver-Hillsboro, OR-WA market rose by 15,020 jobs in October and the unemployment rate decreased compared to the prior month by 60 bps to 3.4%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.

Portland-Vancouver-Hillsboro, OR-WA unemployment rate is 86 bps below the national rate which is a positive sign.
Unemployment in the market is 330 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in October versus prior month by 5% and are up compared to last year at this time in the market.

Month over Month Unemployment Change

Year over Year Unemployment Change

Portland-Vancouver-Hillsboro, OR-WA Unemployment October 2021

For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:

Transportation & Utilities: 226,000; +2,800
Business Services: 201,000; +2,100
Education & Healthcare: 181,500; +500
Government: 149,600; +6,300
Manufacturing: 122,800; +1,200
Restaurants & Hotels: 104,200; +1,800
Construction, Mining: 81,700; +800
Financial Services: 72,400; -700
Other Jobs: 38,300; -600
IT & Development: 26,900; +700

Employment Change by Key Sector

Portland-Vancouver-Hillsboro, OR-WA Unemployment by Industry October 2021

Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Portland-Vancouver-Hillsboro, OR-WA