Unemployment Rate in Corvallis, OR (MSA) was 4.50% in December of 2025, according to the United States Federal Reserve. Historically, Unemployment Rate in Corvallis, OR (MSA) reached a record high of 10.20 in April of 2020 and a record low of 1.90 in December of 1994. Trading Economics provides the current actual value, an historical data chart and related indicators for Unemployment Rate in Corvallis, OR (MSA) - last updated from the United States Federal Reserve on April of 2026.