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Central Oregon Economy in View:
By Jake Procino | Workforce Analyst/Economist, Multnomah County | Oregon Employment Department
Oregon’s total nonfarm payroll employment shrunk -0.9%, losing -18,300 jobs over the last 12 months ending in August.In the same time frame, the Bend MSA (consisting of Crook, Deschutes, and Jefferson counties) grew 0.3% adding 340 jobs.
The seasonally adjusted unemployment rate in Oregon ticked up to 5.0% in August, above where it was last year at 4.2%. Oregon’s unemployment is above the U.S.’s unemployment rate of 4.3%. Oregon remains similar it’s 10-year unemployment rate averages of 4.6%.Unemployment in the Bend MSA ticked up to 4.8%, up from 4.3% a year prior.
Find more about the Central Oregon economyhere.
Topic of the Month: Per Capita Personal Income in Oregon in 2024
Oregon’s total personal income ranked 25th in the nation in 2024, matching its 2023 rank. Data on personal income comes from the Bureau of Economic Analysis – a division of the U.S. Department of Commerce.
State personal income captures total income within a state and is the sum of three main components: net earnings (wages, salaries, employer contributions); personal current transfer receipts (retirement, Medicare, unemployment insurance); and dividends, interest, and rent.
Growth in personal income for the U.S. overall averaged 5.0% in 2024, lower than the previous year’s growth rate of 5.7%. For individual states in 2024, growth ranged from a 0.1% increase in North Dakota, to a 6.9% increase in North Carolina. Personal income grew by 5.2% in Oregon in 2024, which was tied for the 25th fastest in the nation.
Read more about per capita personal income on QualityInfo.org here.
Articles of Interest
“August 2025 JOLTS Report: Low Firing, Low Hiring, Low Churn,” by Allison Shrivastava, Indeed Hiring Lab.
“A Deep Dive into Oregon’s Slowly Rising Unemployment Rate,” by Damon Runberg, Business Oregon.
The articles, research and publications herein are solely for educational purposes and do not imply endorsement nor reflect the views of the Oregon Employment Department.
