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With Only 46 Thousand Job Openings Last Fall, Unemployment Rate of 5.2% and Ratio of 2.4 Unemployed per Job, State Data Indicates the Worst Imbalance in the Oregon Labor Market Since the Beginning of the Pandemic
The Oregon labor market showed its worst balance in over five years last fall, with 46 thousand job openings, an unemployment rate of 5.2%, and a ratio of 2.4 unemployed per job, according to recent state data.
Job Openings Fall to Lowest Level in Over Five Years
The number of job openings in Oregon fell to 46 thousand last fall in the Northern Hemisphere. This is the lowest level since the beginning of the pandemic and indicates a significant weakening of the state labor market.
The decline in job openings occurs in the context of a persistent economic slowdown.
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The reduction signals lower demand for hiring and increases pressure on workers seeking reemployment in the state.
Unemployment Rate Rises to 5.2% and Widens Imbalance Between Supply and Demand
At the same time that job openings decreased, the unemployment rate in Oregon rose to 5.2%. This is the highest level since the beginning of the pandemic, according to data released by the state.
As a result, Oregon now registers 2.4 unemployed for every available job. According to Anna Johnson from the Oregon Employment Department, this ratio is significantly worse than the national average.
Employment Falls in 2025 Without National Recession Affecting Key Sectors
The imbalance between job openings and unemployed individuals reflects the ongoing deterioration of the state economy. In 2025, total employment in Oregon fell by 0.2%, something that hadn’t occurred outside a national recession since at least 1990.
The increase in unemployment was associated with a historic wave of layoffs. Factories were the most affected sector last year amid a prolonged recession in Oregon’s manufacturing sector, exacerbated by mass layoffs from Intel and cuts at other large companies.
Health Sector Maintains Growth and Concentrates Part of Job Openings
Despite the adverse overall scenario, some sectors continue to expand. The main one is health, which created 13,000 jobs in 2025 and has almost 15,000 job openings available.
This growth is linked to the aging of the Oregon population, considered the oldest in the West. Even so, the sector’s growth has not been sufficient to offset job losses in other areas of the economy.
Economists Point to Signs of Stability and Possible Gradual Turnaround
There are limited signs of improvement in the labor market. The unemployment rate has remained stable for four months, and unemployment claims are not rising at the same pace as observed earlier.
Last week, state economists reported signs of economic resilience to a legislative committee. Oregon’s output grew faster than the national average last summer, although fall data is still not available.
State economist Carl Riccadonna stated that recent conversations with the Governor’s Economic Advisory Council were encouraging.
According to him, there is a perception of greater optimism among business leaders, with the expectation that the worst may be over and the outlook becomes more constructive.
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