Recovery in sluggish Oregon economy slows

Recovery in sluggish Oregon economy slows
FILE - People search for jobs at WorkSource Oregon Monday, March 21, 2011, in Salem, Ore. (AP File Photo/Rick Bowmer)

PORTLAND, Ore. (AP) - More indications emerged in October that Oregon's sluggish economic recovery has slowed.

The state Employment Department said Wednesday that payroll employment for the month dropped by an estimated 2,400 jobs on a seasonally adjusted basis. The losses were evenly divided between public and private employment.

The department said the unemployment rate for the month was 8.6 percent, statistically unchanged from the previous month, at 8.7 percent.

The department also said that job losses reported in September turned out to be only a tenth as great as initially estimated. It said revised figures from the U.S. Bureau of Labor Statistics showed a loss of 800 rather than 7,900.

Year-over-year figures as of October show nonfarm payroll employment up by a little more than 15,000 — slightly less than 1 percent.

Copyright 2012 The Associated Press.