The employment and unemployment situation in both Klamath and Lake counties is essentially unchanged from this time last year. Hiring tapered off and the unemployment rate flattened over the past 12 months.
The seasonally adjusted unemployment rate was 6 percent in October, a slight increase from 5.8 percent in September. The unemployment rate is essentially unchanged from this time last year when it was 5.9 percent.
Klamath County added 30 jobs in October, smaller gains than typically expected this time of year.
Employment levels are essentially unchanged from this time last year with nonfarm payroll down around 20 jobs from October 2017 (-0.1%). There were relatively strong job gains in retail trade, construction, and health care. However, these gains were negated by job losses in local education, manufacturing, professional and business services, and leisure and hospitality.
The seasonally adjusted unemployment rate was 5.4 percent in October, up from 5.2 percent in September. The rate is unchanged from this time last year.
Lake County added 10 jobs in October, typically the county posts seasonal job losses this time of year. Over the past year employment levels are essentially unchanged.
Press release provided from the State of Oregon Employment Department.