4 takeaways: July report shows Portland region lost jobs year over year

Each month, Jake Procino, workforce analyst and economist from the Oregon Employment Department, releases the most recent economic indicators for the Portland region.

(PORTLAND TRIBUNE) -- Each month, Jake Procino, workforce analyst and economist from the Oregon Employment Department, releases the most recent economic indicators for the Portland region.

The “region” may not be what you think it is. Economists use the Portland-Vancouver-Hillsboro Metropolitan Statistical Area, which includes Clackamas, Columbia, Multnomah, Washington and Yamhill counties in Oregon, and Clark and Skamania counties in Washington. That’s the area we’ll refer to below as the Portland MSA.

Here are some takeaways from Procino’s analysis of July’s numbers.

1. We’re losing jobs. Not a lot, but still…

Oregon’s total nonfarm payroll employment grew 0.6%, adding 11,200 jobs over the last 12 months ending in June. That’s good.

But Multnomah County’s nonfarm payroll employment contracted, down 0.4%, losing an estimated 1,900 jobs over the same time period.

And the Portland MSA saw employment levels shrink by 0.8% year-over-year ending in May.

Read more at PortlandTribune.com

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