Oregon Business Employment Dynamics Report: Second Quarter 2017March 12, 2018 Establishments with gross job gains added 103,951 jobs to the Oregon economy while establishments with job losses reduced employment by 94,764 jobs during the second quarter of 2017. The 87,599 jobs created by expanding establishments exceeded the 79,787 jobs lost due to contracting establishments by 7,812. Opening establishments gained 16,352 jobs which was 1,375 more than the 14,977 jobs lost due to establishments going out of business. The result of the combined jobs gained and lost was an overall increase of 9,187 jobs. This was 9,883 fewer than last quarter but 6,806 more than the second quarter of 2016.
The seasonally adjusted number of Oregon establishments gaining jobs declined by 1,687 (dropping from 33,715 to 32,028). At the same time, the number of establishments losing jobs increased by 1,895 to 31,089 establishments. The number of establishments that opened (5,868) was greater than the number of establishments that closed (5,490) resulting in a net establishment gain of 378.
Industry sectors posting job gains included: leisure and hospitality (2,802), construction (2,506), professional and business services (1,993), manufacturing (1,781), other private-sector services (542), wholesale trade (414), information (354), financial activities (209), and education and health services (104). Transportation and warehousing (-224) and retail trade (-441) had fewer jobs than during the prior quarter.
Total private-sector employment in the leisure and hospitality sector hit a low level of 154,244 employees during the first quarter of 2010. Since then, leisure and hospitality total employment and the net change in employment (gross job gains minus gross job losses) have seen a steady pattern of job gains. Since Oregon emerged from the shadow of the Great Recession, leisure and hospitality has averaged 1,475 in net jobs gained per quarter.
A more detailed listing of Oregon Business Employment Dynamics data, statewide (all industries) and statewide (by industry sector), is available at www.QualityInfo.org on the Publications page in the Reports & Analysis box.