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As of December 2017, Oregon State had an unemployment rate of 4.1%, is that good or...

As of December 2017, Oregon State had an unemployment rate of 4.1%, is that good or bad, please explain.

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Answer #1

It is good. The average rate of unemployment in the US in the month of December 2017 was 4.1%. Oregon is just at the national average and standing at a much better position compared to Alaska where the rate is 7.3% and District of Columbia where it is 6%.

If the unemployment rate was much worse than the national Average that means Oregon is lagging behind and need to give more attention towards generating employment. This situation can be better but it will come with increasing employment in the whole nation.

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