Portland-Vancouver-Hillsboro, OR-WA Jobs Report

June 2024 Jobs Report

Real time jobs report data summary. Figures are based on the latest data provided by the Bureau of Labor Statistics (BLS.gov). All jobs numbers are for non-farm employment.

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Jobs Added

Metro +4,500

Month Over Month: +0.4%
3 Month Average: 6,267
Year Over Year: -0.8%

State +16,000

Month Over Month: +0.4%
3 Month Average: 10,400
Year Over Year: +1.7%

National +206,000

Month Over Month: +0.1%
3 Month Average: 177,333
Year Over Year: +1.7%

Unemployment Rate

Metro 3.8%

Month Over Month: +0.2%
3 Month Average: 3.9%
Year Over Year: +0.7%

State 4.9%

Month Over Month: +0.1%
3 Month Average: 4.83%
Year Over Year: +1.1%

National 4.1%

Month Over Month: +0.1%
3 Month Average: 4%
Year Over Year: +0.5%

June’s labor market holds steady for the summer

The US added 206,000 jobs in June. This slightly higher than expected growth is another sign of a calming labor market.
In May, the unemployment rate rose to 4.0% for the first time in 27 months, but in June, the unemployment increased again to 4.1%.
• Labor force participation rate rose to 62.6% from 62.5% in May
• The standout industry for June was government hiring with 70,000 jobs added
• Healthcare (49,000) and social assistance (34,000) also posted strong numbers last month
• Average hourly earnings rose 0.3%

How will this impact the later-half of the year?

Q3 just began, and the labor market is still defying experts’ predictions.
That uncertainty is making it increasingly difficult to plan for the summer, let alone holiday season.
It might seem a way off, but now is the time to start prepping for your peak hiring. Reach out to Adecco today, and we can discuss how to best plan.
Each of our clients has unique needs, but we’re pros at developing unique solutions. We’ve partnered with clients to reimagine shift schedules, provide a 32-hour guarantee, and bolster an onboarding program to reduce week-one turnover.
Don’t wait to be ready for what 2024 still has in store.

Local Industry Job Growth from the B.L.S.

Finance & Insurance +100

From Last Month: +0.3%
3 Month Average: 39
From Last Year: -3.9%

Telecommunications 0

From Last Month: 0.0%
3 Month Average: 3
From Last Year: 0.0%

Accommodation & Food Services +2,600

From Last Month: +2.7%
3 Month Average: 97
From Last Year: -3.6%

Manufacturing +800

From Last Month: +0.7%
3 Month Average: 123
From Last Year: -1.9%

Retail Trade +400

From Last Month: +0.4%
3 Month Average: 113
From Last Year: -1.0%

Transportation & Warehousing 0

From Last Month: 0.0%
3 Month Average: 48
From Last Year: +0.4%

Air Transportation 0

From Last Month: 0.0%
3 Month Average: 4
From Last Year: +2.5%

Transportation Equipment Manufacturing +100

From Last Month: +1.5%
3 Month Average: 7
From Last Year: +1.5%

Goods Producing +200

From Last Month: +0.1%
3 Month Average: 202
From Last Year: -2.4%

Hospitals 0

From Last Month: 0.0%
3 Month Average: 32
From Last Year: +2.2%

Computer & Electronic Product Manufacturing +300

From Last Month: +0.7%
3 Month Average: 41
From Last Year: +0.5%

U.S. Job Growth for All Sectors

Local Job Reports

BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.