Benton County’s unemployment rate in October was 3.0%—ranked #31 highest out of 36 in the state.
Nationally, unemployment has leveled with pre-COVID rates, measuring between 3.5% and 4% for most of the past two years. Bureau of Labor Statistics data showed a 3.9% unemployment rate in October. Previously, unemployment skyrocketed to 14.7% at the height of the COVID-19 pandemic in April 2020, and those rates remained elevated through late 2021.
Though national unemployment has mostly normalized, local economies vary widely. Stacker used Bureau of Labor Statistics data to analyze unemployment in Benton County over time, and how it stacks up within Oregon and across the nation.
The unemployment rate in Benton County is 0.9 percentage points below the national level, and 0.6 percentage points below the state level. It ranks #31 among counties in Oregon—ranked first by the preliminary October 2023 unemployment rate, then breaking ties by the number of unemployed people. It trails behind Washington County, which also has an unemployment rate of 3.0%, but surpasses Malheur County (which has the same unemployment rate).
In real terms, it means an estimated 1,489 of Benton County’s approximately 50,049 working residents are out of a job at the moment. That’s 11 fewer than last month and 535 fewer than a year ago. Some economists fret another recession may be on the horizon, which would drive unemployment up with business closures and layoffs.
This story was produced using automation across 3,100 counties, boroughs, and parishes, based on writing and data reporting by Paxtyn Merten.
Stacker
Stacker is a news organization that produces and distributes data journalism to the world’s news organizations. Founded in 2017, Stacker combines data analysis with rich editorial context, drawing on authoritative sources and subject matter experts to drive storytelling. This article has been republished pursuant to a CC BY-NC 4.0 License.