Oregon’s unemployment rate was 5.2% in January and 5.3%, as revised, in December. The U.S. unemployment rate was 4.3% in January and 4.4% in December.  In January, Oregon’s seasonally adjusted nonfarm payroll employment rose by 2,000 jobs, following a gain of 100 jobs, as revised, in December. January’s gains were largest in leisure and hospitality (+1,800 jobs); health care and social assistance (+1,500); and construction (+1,000). Losses were largest in manufacturing (-1,500 jobs) and professional and business services (-1,300).  Leisure and hospitality performed better than the normal seasonal pattern in January and employed 209,800, which was 1,800 jobs, or 0.9%, above its January 2025 total. Despite these recent gains, it employed only slightly more workers than during most of the past few years.  Health care and social assistance rose by 4,100 jobs during the three months ending in January. During the 12 months ending in January, it added 9,800 jobs, or 3.2%, which was by far the fastest growth rate of Oregon’s major industries during that time.  Construction’s 1,000-job gain in January was a partial rebound from its 2,400-job loss the prior month. Over the past two years, construction generally declined from a high of about 118,000 jobs throughout much of 2023, to its January 2026 level of 111,600 jobs.  Manufacturing cut 1,500 jobs in January, following a gain of 1,300 in December. Since August, manufacturing has fluctuated around 178,000 jobs. Prior to this period of relative stability, manufacturing shrank rapidly from a recent high of 195,000 jobs in November 2022.  The 1,300-job decline in professional and business services in January left the industry 7,600 jobs, or 2.9%, below its year-ago total, and 17,000 jobs below its peak of 268,100 jobs in 2023.