Oregon’s jobless rate keeps rising, but layoffs (mostly) aren’t to blame

Oregon’s jobless rate keeps rising, but layoffs (mostly) aren’t to blame

Oregon’s unemployment rate has risen for 5 consecutive months, climbing a full proportion level to 4.5%. Nearly 100,000 Oregonians have been on the lookout for work final month.

While that’s nonetheless a comparatively low quantity by historic requirements, the constant upward trajectory of the unemployed suggests a labor market that’s steadily cooling off.