SALEM, Ore. — Numbers released Tuesday show Oregon’s unemployment rate soared to a “catastrophic” 14.2 percent in April, marking the deepest recession the state has experienced since it began keeping records in 1939.
The number of unemployed Oregonians rose by 227,530 to reach 300,420 in April. The state lost 266,600 jobs in the first two months of the coronavirus pandemic, going from a near-record-low unemployment rate of 3.5 percent in March to the current high. The leisure and hospitality industry took the biggest hit and lost 54 percent of its jobs within a month.
Still, the massive job losses don’t fully reflect the impact on the economy of the statewide stay-at-home orders issued by Gov. Kate Brown to slow the spread of the disease, said Anna Johnson, a senior analyst with the Oregon Employment Department.
“While these numbers make for shocking historical records, they cannot totally capture the economic trauma so many Oregonians are experiencing at this time,” Johnson said.