Oregon jobless rate falls to 7.3%

SALEM — Oregon's jobless rate has fallen to its lowest point in more than five years as employers have begun to expand payrolls to match economic expansion.

The Oregon Employment Department said Tuesday the unemployment rate for November was 7.3 percent. It was 7.6 percent the month before.

The department said federal estimates show the state added 5,400 nonfarm payroll jobs in November on a seasonally adjusted basis.

Job growth has been recorded in 12 of the past 14 months, and the department says the pace of hiring has accelerated.

The last time the Oregon unemployment rate was so low was in September 2008.

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