homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

May 20, 2020

Oregon jobless rate hits 14%

SALEM (AP) — Numbers released Tuesday show Oregon's unemployment rate soared to a “catastrophic” 14.2% in April, marking the deepest recession the state has experienced since it began keeping records in 1939.

The number of unemployed Oregonians rose by 227,530 to reach 300,420 in April. The state lost 266,600 jobs in the first two months of the coronavirus pandemic, going from a near-record-low unemployment rate of 3.5% in March to the current high. The leisure and hospitality industry took the biggest hit and lost 54% of its jobs within a month.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.