Department of Numbers

Corvallis, Oregon Unemployment

The BLS reported that the unemployment rate for Corvallis rose 0.1 percentage points in October 2023 to 3.0%. For the same month, the metro unemployment rate was 0.6 percentage points lower than the Oregon rate. The unemployment rate in Corvallis peaked in April 2020 at 10.1% and is now 7.1 percentage points lower. From a post peak low of 2.7% in July 2023, the unemployment rate has now grown by 0.3 percentage points. You can also compare Corvallis unemployment with unemployment in other cities.

Unemployment Rate October 2023 Month/Month Year/Year
National 3.9% +0.1 +0.2
Oregon 3.6% +0.1 -1.2
Corvallis 3.0% +0.1 -1.0
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with October 2023 data as November metro level unemployment data has not yet been released.

Unemployment Rate: Corvallis, Oregon, National

Corvallis, Oregon monthly unemployment rate chart

Note: Recessions shown in gray.

Corvallis, Oregon Unemployed

The number of people unemployed in Corvallis peaked in April 2020 at 4,553. There are now 3,089 fewer people unemployed in the metropolitan area. From a recent trough of 1,342 in July 2023, the number of unemployed has now grown by 122. Corvallis employment and jobs data (including jobs lost/gained in Corvallis, Oregon) is also available.

Unemployed Persons October 2023 Month/Month Year/Year
Corvallis 1,464 +64 -507

Number of Unemployed Persons

Corvallis, Oregon Unemployment History

Date National
Unemployment Rate
Oregon
Unemployment Rate
Corvallis
Unemployment Rate
Corvallis
Unemployed
November
2023
3.7%
October
2023
3.9% 3.6% 3.0% 1,464
September
2023
3.8% 3.5% 2.9% 1,400
August
2023
3.8% 3.4% 2.7% 1,344
July
2023
3.5% 3.4% 2.7% 1,342
June
2023
3.6% 3.5% 2.8% 1,385
May
2023
3.7% 3.7% 2.9% 1,442
April
2023
3.4% 4.0% 3.1% 1,536
March
2023
3.5% 4.4% 3.4% 1,701
February
2023
3.6% 4.7% 3.8% 1,874
January
2023
3.4% 4.8% 3.9% 1,927
December
2022
3.5% 4.8% 4.0% 1,960

1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers.