Central Oregon Employment Situation for December 2014

Transcription

1 January 26, 2015 Contact: Damon M. Runberg Regional Economist (541) Central Oregon Employment Situation for December 2014 Central Oregon closed out 2014 with mixed results. This past year Deschutes County posted its strongest employment gains since before the recession in This job growth spurred an expansion of the local labor force after years of declines. It was also a good year in Jefferson County, which continued to see sustained employment gains. However, job growth in Crook County vanished in 2014 with recent layoffs as employment levels are little changed from this time last year. Crook County: After recent layoffs in Crook County the seasonally adjusted unemployment rate jumped to 10.5 percent in December from 10.2 percent in November. The rate is down from the year-ago rate of 11.2 percent; however these improvements are not statistically significant. Total nonfarm employment fell by 200 jobs in December. These losses far exceeded the seasonal decline of 60 jobs typically seen this time of year. December s losses were concentrated in the wood product manufacturing sector, which shed 100 jobs from November. Layoffs in Crook County negated the moderate employment 20% growth seen over the past year. The largest losses were seen in 15% wood product manufacturing (-60) and private educational 10% and health services (- 50). Even with these declines, private sector 5% employment remains up by 30 jobs from last 0% year due to growth in construction; transportation, warehousing, and utilities; and leisure and hospitality. Oregon and Central Oregon Unemployment Rates Seasonally Adjusted, December December 2014 Oregon Crook Deschutes Jefferson Dec-09 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 Dec-14 1

2 Deschutes County (Bend-Redmond MSA): The seasonally adjusted unemployment rate dipped to 7.6 percent in December from 7.8 percent in November. Unemployment levels are down from this time last year when it was 8.7 percent. The county shed 310 jobs in December, which is less than the expected seasonal decline of 490 jobs this time of year. Seasonal declines accelerated in mining, logging, and construction (-180). Deschutes County added 3,050 jobs over the past year. Total nonfarm employment expanded by 4.6 percent, which is significantly faster than the statewide growth rate of 2.8 percent. Mining, logging, and construction is the county s fastest growing industry expanding by nearly 18 percent since last December (+710 jobs). Employment growth continues to be widespread with a variety of industries posting large gains over the past year, including professional and business services (+630); retail trade (+500); educational and health services (+490); and leisure and hospitality (+420). Jefferson County: The seasonally adjusted unemployment rate was 9.2 percent in December, a slight decrease from 9.4 percent in November. The rate was 10 percent this time last year, which is not a statistically significant decline. Jefferson County shed 80 jobs in December, nearly in line with the loss of 70 jobs typically expected this time of year. Total nonfarm employment in Jefferson County expanded by 3.6 percent over the past year, adding 210 jobs. The majority of these employment gains continue to be concentrated in the public sector; however there was moderate growth in manufacturing (+40); retail trade (+30); and leisure and hospitality (+30). These estimates will be revised as new data from businesses becomes available. The next Central Oregon Employment Situation with preliminary data for January 2015 will be released on Tuesday, March 10 th. Equal Opportunity program - auxiliary aids and services available upon request to individuals with disabilities. 2

3 Crook County Current Labor Force and Industry Employment Civilian labor force 8,281 8,421 8, Unemployed Unemployment rate 11.5% 10.1% 11.5% XX XX Unemployment rate, seasonally adjusted 10.5% 10.2% 11.2% XX XX Employed 7,331 7,569 7, Total nonfarm payroll employment 5,390 5,590 5, Total private 4,210 4,360 4, Mining and logging Construction Manufacturing Wood product manufacturing Trade, transportation, and utilities 1,360 1,360 1, Wholesale trade Retail trade Transportation, warehousing, and utilities Information Financial activities Professional and business services Educational and health services Leisure and hospitality Other services Government 1,180 1,230 1, Federal government State government Local government nonfarm payroll employment, self-employed, unpaid family workers, domestics, agriculture, and labor disputants. Unemployment rate is calculated by dividing unemployed by civilian labor force. Nonfarm Payroll Employment: Data are by place of work and cover full- and part-time employees who worked or received pay for the pay period that includes the 12th of the month. The data exclude the self-employed, volunteers, unpaid family workers, and domestics. "Natural resources" includes only Logging (NAICS 1133). 3

4 Deschutes County (Bend-Redmond MSA) Current Labor Force and Industry Employment Civilian labor force 77,678 78,701 76,758-1, Unemployed 5,793 6,127 6, Unemployment rate 7.5% 7.8% 8.8% XX XX Unemployment rate, seasonally adjusted 7.6% 7.8% 8.7% XX XX Employed 71,885 72,574 70, ,851 Total nonfarm payroll employment 69,000 69,310 65, ,050 Total private 59,640 59,790 56, ,740 Mining, logging, and construction 4,670 4,850 3, Manufacturing 4,400 4,420 4, Durable goods 3,180 3,180 3, Trade, transportation, and utilities 13,850 13,800 13, Wholesale trade 1,890 1,910 1, Retail trade 10,400 10,380 9, Transportation, warehousing, and utilities 1,560 1,510 1, Information 1,520 1,510 1, Financial activities 4,220 4,220 4, Professional and business services 7,590 7,740 6, Educational and health services 11,250 11,180 10, Leisure and hospitality 10,130 10,050 9, Accommodation and food services 8,620 8,680 7, Other services 2,010 2,020 2, Government 9,360 9,520 9, Federal government State government 1,340 1,330 1, Local government 7,280 7,350 6, Local education 4,420 4,460 4, nonfarm payroll employment, self-employed, unpaid family workers, domestics, agriculture, and labor disputants. Unemployment rate is calculated by dividing unemployed by civilian labor force. Nonfarm Payroll Employment: Data are by place of work and cover full- and part-time employees who worked or received pay for the pay period that includes the 12th of the month. The data exclude the self-employed, volunteers, unpaid family workers, and domestics. "Natural resources" includes only Logging (NAICS 1133). 4

5 Jefferson County Current Labor Force and Industry Employment Civilian labor force 8,991 9,196 8, Unemployed Unemployment rate 9.5% 9.4% 10.5% XX XX Unemployment rate, seasonally adjusted 9.2% 9.4% 10.0% XX XX Employed 8,141 8,333 7, Total nonfarm payroll employment 6,000 6,080 5, Total private 3,450 3,490 3, Mining and logging Construction Manufacturing 1,030 1, Wood product manufacturing Trade, transportation, and utilities Wholesale trade Retail trade Transportation, warehousing, and utilities Information Financial activities Professional and business services Educational and health services Leisure and hospitality Other services Government 2,550 2,590 2, Federal government State government Local government 2,070 2,120 1, Indian tribal 1,090 1,120 1, nonfarm payroll employment, self-employed, unpaid family workers, domestics, agriculture, and labor disputants. Unemployment rate is calculated by dividing unemployed by civilian labor force. Nonfarm Payroll Employment: Data are by place of work and cover full- and part-time employees who worked or received pay for the pay period that includes the 12th of the month. The data exclude the self-employed, volunteers, unpaid family workers, and domestics. "Natural resources" includes only Logging (NAICS 1133). 5