PORTLAND -- The Portland metro area’s unemployment rate fell to 6.4 percent in January, down from 6.6 percent in December and 7.9 percent from January of 2013, according to the Oregon Employment Department.
The metro area added about 1,000 jobs last month and 29,300 jobs since last year. Most major industries, with the exception of financial services, are doing as well as or better than they were last year, said employment economist Jessica Nelson.
“Gains have been powered by a recovering housing market, multi-family construction, and work on Intel’s D1X plant and subsequent expansion,” Nelson said.
While the construction industry lost 1,000 jobs last month, the industry as a whole grew 10 percent in 2013 and stayed the region’s fastest-growing industry, according to Nelson.