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Jobless rate falls, Oregon adds 5,400 jobs

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December 17, 2013 02:03 PM EST | AP


SALEM, Ore. (AP) — Oregon's jobless rate has fallen to its lowest point in more than five years as employers have begun to expand payrolls to match economic expansion.

The Oregon Employment Department said Tuesday the unemployment rate for November was 7.3 percent. It was 7.6 percent the month before.

The department said federal estimates show the state added 5,400 nonfarm payroll jobs in November, on a seasonally adjusted basis.

Job growth has been recorded in 12 of the last 14 months, and the department says the pace of hiring has accelerated.

The last time the Oregon unemployment rate was so low was in September 2008, when it was 7.2 percent.

Although the rate is still above the national average of 7 percent, the department says the gap has been closing.