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Net Job Gains Increased in Fourth Quarter 2007 Despite Slowing Trend
09/16/2008
CONTACT: Art Ayre
State Employment Economist
(503) 947-1268

Employment records showing quarterly gross job gains and losses in late 2007 add perspective to the picture of a slowing economy as evidenced by more recent job estimates from employer surveys.
 
Oregon’s new and expanding private employers added 106,709 jobs between September and December of 2007. Meanwhile, closing or contracting firms lost 103,121 jobs. The result was a net gain of 3,588 jobs in the fourth quarter of 2007. This was higher than during the prior two quarters but lower than all other quarters since June 2003.
 
The fourth quarter increase in net job gain came mostly from a surge in newly opened firms. In contrast, expanding firms added only slightly more new jobs than the number lost at contracting firms. The quarterly job gain due to expansions exceeding contractions was the smallest since June 2003.
 
Oregon’s quarterly gross job gains and losses have declined in number and in the share of all jobs since the 1990s. National data show a similar downward trend and include industry-by-industry figures. U.S. data are available at http://www.bls.gov/bdm/. For more of Oregon’s details, go to www.qualityinfo.org/bed.
 
This information comes from the Business Employment Dynamics (BED) program at the Bureau of Labor Statistics of the U.S. Department of Labor. The quarterly data stretch from the early 1990s, providing a view of the economic boom of the mid-1990s, the recession of the early 2000s, and Oregon’s recovery and growth period beginning in mid-2003. BED data are not available for sub-state areas within Oregon.
 
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