Oregon jobless rate stays low
Oregon’s unemployment rate continues its record low path — overall, it’s the state’s lowest unemployment rate in the series since 1976, sitting just above the federal rate of 3.7 for July and June 2019. The unemployment rate in Oregon for July was 4.0%, according the figures released by Oregon Employment Department this week. In July, Oregon’s total nonfarm payroll employment added 2,400 jobs, following June’s loss of 1,000.
Monthly gains for July were strongest in professional and business services, health care and social assistance and construction. However the leisure and hospitality industry as well as government cut more than 1,000 jobs in July.
Since July 2018, total nonfarm payroll employment was up 29,600 jobs averaging Oregon’s over-the-year job growth rate at 1.6% during the past 16 months.
Ford to reimburse repaired clutches
Ford Motor Co. said Wednesday it is extending its warranty for 560,000 Focus and Fiesta cars with troubled transmissions and will reimburse owners who paid for repairs not covered by the previous warranty.
Ford said the warranty was now good for seven years or 100,000 miles on “clutch and related hardware” for 2014-16 Focus and 2014-15 Fiesta vehicles assembled after July 4, 2013. In 2014, it extended the warranty on Fiestas and Focuses built before that.
According to company documents and insider interviews, Ford knew the transmissions were defective before putting them on the market and continued using them for years despite thousands of consumer complaints. Ford tentatively decided in 2011 to abandon the transmission but opted against that expensive change.