Oregon sees lowest unemployment rate since June 2007 - News - MailTribune.com - Medford, OR

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0 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation  |  Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Classifieds Jobs Autos Real Estate FEATURED   » NEWS NOW   Top tax delinquents in Oregon include four from Jackson County       ...       Wet March expected for southwest Oregon       ...       Emergency Services       ...       Top tax delinquents in Oregon include four from Jackson County       ...       Wet March expected for southwest Oregon       ...       Emergency Services       ...           Oregon sees lowest unemployment rate since June 2007 Comment MailTribune.com Writer Posted Mar. 1, 2016 at 1:29 PM Posted Mar. 1, 2016 at 1:29 PM »  Social News PORTLAND — The last time Oregon's unemployment rate was this low Apple had just released its first iPhone and the Portland Trail Blazers selected Greg Oden with the first overall pick in the NBA draft. The state Employment Department said Tuesday that Oregon's unemployment rate for January fell to 5.1 percent, a level the state has not seen since June 2007. Oregon's payroll report surged by nearly 10,000 jobs in January, the agency said, with four major industries leading the way: construction, manufacturing, leisure and hospitality, and professional and business services. Since January 2015, when the jobless rate was 5.9 percent, payroll employment has risen by almost 60,000 jobs. "Oregon's labor market is as good as it was during previous expansions," said Nick Beleiciks, state employment economist. "The unemployment rate is now lower than it was in most of the mid-2000s and nearly as low as in the mid-1990s. Oregon is adding jobs at a faster rate than during the mid-2000s, and the number of jobs added over the last year is on par with growth during the mid-1990s." The state's jobless rate has been steadily declining since reaching a peak of nearly 12 percent in the spring of 2009, a time when it was reeling from the recession. Another month of strong job growth could push the rate to below 5 percent, a mark Oregon has not seen this century. Another unemployment measure, known as U-6, sat at 10.3 percent in January — down from 12.4 percent a year ago. The figure includes discouraged workers who stopped looking as well as part-time workers who want but can't get full-time jobs. — Associated Press MailTribune.com Writer Posted Mar. 1, 2016 at 1:29 PM » Comment or view comments   Reader Reaction »  STAY INFORMED   Email NewsLetter   Sign Up Today   Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Southern Oregon Directory Featured Businesses Loading... Business Name address Location, ST | website.com Find Southern Oregon Attractions Bars Restaurants Beauty Salons Entertainment Doctors Medical Specialists Contractors Education Lawn Services Lawyers Shopping Travel Tanning Used Cars Wedding Services ▼ Add your business here + Events Calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Propel Marketing Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Mobile Site Stay Informed   Email newsletter   Sign Up Today   Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Your privacy is important, read our privacy policy. © Copyright 2016 Local Media Group, Inc. All Rights Reserved.    Privacy Policy  |  Terms of Service  |  Local Media Group Publications Original content available for non-commercial use under a Creative Commons license, except where noted. MailTribune.com | P.O. Box 1108, Medford, OR 97501