Tuesday, 26 November 2013 10:40

County Unemployment Rate Lowest in 5 Years Featured

By Larry Coonrod 

Lincoln County’s October unemployment rate dropped to 8.1 percent, the lowest level in five years.

While only a slight drop from the September rate of 8.2 percent, the number of unemployed in Lincoln County continued to gradually decline from the 2010 high of 10.7 percent. The county’s November rate is above the statewide seasonally adjusted rate of 7.7 percent and the national rate of 7.1 percent.

Lincoln County’s unemployment rate ranks 17th out of Oregon’s 36 counties. Unemployment in the state’s seven coastal counties ranges from a low of 6.6 percent in Clatsop County to a high of 10.4 percent in Curry County. Four coastal counties have a lower rate than Lincoln County.

Harney and Grant counties unemployment rate of 12.6 and 12.3 percent, respectively, are the highest in the state. Benton County claims the lowest unemployment rate in the state at 5.7 percent.

For a historical perspective, Lincoln County posted an unemployment rate of 5.3 percent in January 2008. As the Great Recession took hold, the county’s unemployment rate climbed to 8 percent in October 2008. It hit 10 percent in early 2009 and remained at that level or slightly above until begin a slow decline in late 2011. 

Contact editor Larry Coonrod at editor@lincolncountydispatch.com