Employment Snapshot - Portland-Vancouver-Hillsboro, OR-WA April-2023

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 2.9% with the biggest shift in Restaurants & Hotels, which gained 2,000 roles, based on the most recently available information published in June 2023.

Total employment in the Portland-Vancouver-Hillsboro, OR-WA market declined by 7,128 jobs in April and the unemployment rate decreased compared to the prior month by 60 bps to 2.9%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.

Portland-Vancouver-Hillsboro, OR-WA unemployment rate is 20 bps below the national rate which is a positive sign.
Unemployment in the market is 60 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in April versus prior month by 6.7% 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 April 2023

For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:

Transportation & Utilities: 224,800; -200
Business Services: 203,800; -500
Education & Healthcare: 190,200; +500
Government: 155,900; +300
Manufacturing: 125,900; +200
Restaurants & Hotels: 117,900; +2,000
Construction, Mining: 85,000; +500
Financial Services: 77,000; +600
Other Jobs: 43,700; +1,500
IT & Development: 28,800; +700

Employment Change by Key Sector

Portland-Vancouver-Hillsboro, OR-WA Unemployment by Industry April 2023

Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Portland-Vancouver-Hillsboro, OR-WA