Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PORTLAND-The local economy continued to deteriorate in May. Businesses cut some 800 workers from payrolls, pushing the unemployment rate up two percentage points to 4.5%, according to data released by state employment department Thursday (June 14) for the four county area that includes Clark County in Southwest Washington.

The manufacturing sector continues to add the most people to the unemployment rolls. In May, it let go 1,100 workers. Since May, transportation equipment manufacturers have cut some 3,500 jobs.

On average, the construction industry added more than 2,000 jobs in the first two quarters of the year. So far this year 2001 it has shrunk by 1,000 jobs.

All told, employment in the region at the end of May had risen by a measly 0.3% over the previous 12-month period, the slowest growth rate since November 1991. Just 3,100 jobs were added, bringing total employment to 968,100.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.