Unemployment rate
4.1%
-0.8 pp vs Aug
-0.9 pp vs Sep 2025
Sep 2026 · not seasonally adjusted · BLS Local Area Unemployment Statistics (metro)
Portland metro economy by the numbers
The Portland-Vancouver-Hillsboro, OR-WA metropolitan area is shown here through Multnomah County, Washington County, Clackamas County and Clark County, WA: Portland, Vancouver, Hillsboro, Gresham, Beaverton, Tigard and Lake Oswego. These are the official monthly and quarterly numbers for the metro's jobs, housing, wages and prices, each one dated and linked to its source, updated the day the agency publishes.
Unemployment rate
4.1%
Sep 2026 · -0.9 pp from a year earlier
Next metro jobs releaseDec 2, 202610:00 ETFull calendar →
Unemployment
4.1%
Sep 2026 · -0.9 pp y/y
Payrolls y/y
-0.9%
Sep 2026 · +0.5 pp y/y
House prices y/y
1.4%
Q2 2026 · -0.8 pp y/y
Listing price
$587,750
Sep 2026 · -1.9% y/y
Weekly wages
$1,624
Q1 2026 · +5.5% y/y
CPI y/y
3.8%
Sep 2026 · +0.5 pp y/y
Jobs
Civilian labor force
1,385,215
-0.2% vs Aug
-0.3% vs Sep 2025
Sep 2026 · not seasonally adjusted · BLS Local Area Unemployment Statistics (metro)
Nonfarm payroll employment
1,217.3K
+0.4% vs Aug
-0.9% vs Sep 2025
Sep 2026 · seasonally adjusted · BLS Current Employment Statistics (metro)
Payroll employment, year over year
-0.9%
+0.9 pp vs Aug
+0.5 pp vs Sep 2025
Sep 2026 · seasonally adjusted · BLS Current Employment Statistics (metro)
Housing
Housing units authorized by building permits
606
-3.7% vs Aug
+11.6% vs Sep 2025
Sep 2026 · not seasonally adjusted · Census Bureau Building Permits Survey (metro)
FHFA house price index (all transactions)
455.9
+0.9% vs Q1
+1.4% vs Q2 2025
Q2 2026 · not seasonally adjusted · FHFA All-Transactions House Price Index (metro)
House prices, year over year
1.4%
-0.5 pp vs Q1
-0.8 pp vs Q2 2025
Q2 2026 · not seasonally adjusted · FHFA All-Transactions House Price Index (metro)
Median listing price
$587,750
-1.2% vs Aug
-1.9% vs Sep 2025
Sep 2026 · not seasonally adjusted · Realtor.com Housing Inventory (metro)
Active listings
8,984
+0.6% vs Aug
+6.9% vs Sep 2025
Sep 2026 · not seasonally adjusted · Realtor.com Housing Inventory (metro)
Median days on market
66
+8.2% vs Aug
unchanged vs Sep 2025
Sep 2026 · not seasonally adjusted · Realtor.com Housing Inventory (metro)
Wages
Average weekly wages, all covered employment
$1,624
+1.9% vs Q4
+5.5% vs Q1 2025
Q1 2026 · seasonally adjusted · BLS Quarterly Census of Employment and Wages (metro)
Prices
Consumer prices, West region, year over year
3.8%
+0.3 pp vs Aug
+0.5 pp vs Sep 2025
Sep 2026 · not seasonally adjusted · BLS Consumer Price Index, West region, all items
Unemployment by county
| County | Rate | Year ago | Change |
|---|---|---|---|
| Multnomah County | 4.3% | 5.3% | -1.0 pp |
| Washington County | 4.1% | 5.2% | -1.1 pp |
| Clackamas County | 4.1% | 5.1% | -1.0 pp |
| Clark County, WA | 3.6% | 4.1% | -0.5 pp |
Sep 2026, not seasonally adjusted. Source: BLS Local Area Unemployment Statistics.
Why Portland
Portland's economy spans semiconductors in Washington County, athletic apparel, and a two-state labor market with Clark County, Washington. Its payroll growth has lagged the Sunbelt metros on this site. The West region CPI stands in for prices.
Questions readers ask
- What is the unemployment rate in Portland?
- The Portland metro unemployment rate is the Bureau of Labor Statistics' Local Area Unemployment Statistics figure for the Portland-Vancouver-Hillsboro, OR-WA metropolitan statistical area, not seasonally adjusted, published about six weeks after the month ends. The headline at the top of this page is the latest print; the county table shows how Multnomah County, Washington County, Clackamas County and Clark County, WA compare.
- How many jobs does the Portland metro have?
- Nonfarm payroll employment counts jobs on employer payrolls in the metro, in thousands, seasonally adjusted, from the BLS Current Employment Statistics survey. The year-over-year line shows whether hiring is accelerating or slowing; it is the cleanest single read on the local labor market.
- Are Portland home prices going up or down?
- Two measures are shown. The FHFA house price index tracks repeat sales of the same homes each quarter, so it measures price change rather than the mix of what sold. The Realtor.com median listing price is the monthly asking price of homes on the market; with active listings and days on market it shows how the market feels to a buyer today.
- Where do these numbers come from?
- Every series is a public federal statistic (BLS, Census Bureau, FHFA) or Realtor.com's monthly housing inventory, retrieved from the Federal Reserve Bank of St. Louis FRED database. Each figure links to its source series. MarketIntelLabs computes the year-over-year changes and writes the fact sheet; nothing on this page is estimated or modelled.
Fact sheet
Every figure above, as one dated sentence each. This is the text our desk writes from; a local newsroom may quote it with attribution to the source named in each line.
- Portland metro unemployment rate: 4.1% in September 2026, down 0.9 percentage points from 5.0% in September 2025; prior reading 4.9% (August 2026). Source: BLS Local Area Unemployment Statistics (metro), via FRED; not seasonally adjusted.
- Portland metro civilian labor force: 1,385,215 in September 2026, down 0.3% from 1,388,805 in September 2025; prior reading 1,388,542 (August 2026). Source: BLS Local Area Unemployment Statistics (metro), via FRED; not seasonally adjusted.
- Portland metro nonfarm payroll employment: 1,217.3 thousand in September 2026, down 0.9% from 1,228.6 thousand in September 2025; prior reading 1,212.2 thousand (August 2026). Source: BLS Current Employment Statistics (metro), via FRED; seasonally adjusted.
- Portland metro payroll employment, year over year: -0.9% in September 2026, up 0.5 percentage points from -1.4% in September 2025; prior reading -1.8% (August 2026). Source: BLS Current Employment Statistics (metro), via FRED; year-over-year change computed by MarketIntelLabs; seasonally adjusted.
- Portland metro housing units authorized by building permits: 606 in September 2026, up 11.6% from 543 in September 2025; prior reading 629 (August 2026). Source: Census Bureau Building Permits Survey (metro), via FRED; not seasonally adjusted.
- Portland metro FHFA house price index (all transactions): 455.9 in Q2 2026, up 1.4% from 449.6 in Q2 2025; prior reading 451.7 (Q1 2026). Source: FHFA All-Transactions House Price Index (metro), via FRED; not seasonally adjusted.
- Portland metro house prices, year over year: 1.4% in Q2 2026, down 0.8 percentage points from 2.2% in Q2 2025; prior reading 1.9% (Q1 2026). Source: FHFA All-Transactions House Price Index (metro), via FRED; year-over-year change computed by MarketIntelLabs; not seasonally adjusted.
- Portland metro median listing price: $587,750 in September 2026, down 1.9% from $599,000 in September 2025; prior reading $595,000 (August 2026). Source: Realtor.com Housing Inventory (metro), via FRED; not seasonally adjusted.
- Portland metro active listings: 8,984 in September 2026, up 6.9% from 8,403 in September 2025; prior reading 8,935 (August 2026). Source: Realtor.com Housing Inventory (metro), via FRED; not seasonally adjusted.
- Portland metro median days on market: 66 in September 2026, unchanged from 66 in September 2025; prior reading 61 (August 2026). Source: Realtor.com Housing Inventory (metro), via FRED; not seasonally adjusted.
- Portland metro average weekly wages, all covered employment: $1,624 in Q1 2026, up 5.5% from $1,539 in Q1 2025; prior reading $1,594 (Q4 2025). Source: BLS Quarterly Census of Employment and Wages (metro), via FRED; seasonally adjusted.
- Portland metro consumer prices, West region, year over year: 3.8% in September 2026, up 0.5 percentage points from 3.3% in September 2025; prior reading 3.5% (August 2026). Source: BLS Consumer Price Index, West region, all items, via FRED; year-over-year change computed by MarketIntelLabs; not seasonally adjusted.
- Multnomah County unemployment rate: 4.3% in September 2026, down 1.0 percentage point from a year earlier. Source: BLS LAUS (county), not seasonally adjusted.
- Washington County unemployment rate: 4.1% in September 2026, down 1.1 percentage points from a year earlier. Source: BLS LAUS (county), not seasonally adjusted.
- Clackamas County unemployment rate: 4.1% in September 2026, down 1.0 percentage point from a year earlier. Source: BLS LAUS (county), not seasonally adjusted.
- Clark County, WA unemployment rate: 3.6% in September 2026, down 0.5 percentage points from a year earlier. Source: BLS LAUS (county), not seasonally adjusted.
Fact sheet id 1f7b7ce2ad8e · data through Sep 2026
Sources: BLS Local Area Unemployment Statistics (metro); BLS Current Employment Statistics (metro); Census Bureau Building Permits Survey (metro); FHFA All-Transactions House Price Index (metro); Realtor.com Housing Inventory (metro); BLS Quarterly Census of Employment and Wages (metro); BLS Consumer Price Index, West region, all items. Official statistics retrieved from the Federal Reserve Bank of St. Louis FRED database; MarketIntelLabs computes the changes shown. Nothing on this page is estimated.
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