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Minn. employers add 5,900 jobs, unemployment rate ticks down to 5.8%

The Minnesota Department of Employment and Economic Development says the state’s jobless rate fell a tenth of a percent to 5.8 percent last month after employers add 5,900 jobs, the Star Tribune reports. Education and health services led all sectors in September with 5,600 new positions. The government, manufacturing and information sectors shed the most jobs last month.

Minnesota’s unemployment figure remains well below the national rate of 7.8 percent.

You can read the news release below:

ST. PAUL – Minnesota employers added 5,900 jobs in September, according to figures released today by the Minnesota Department Employment and Economic Development (DEED).The agency said the unemployment rate dropped 0.1 percent to a seasonally adjusted 5.8 percent, well below the U.S. rate of 7.8 percent in September.Last month’s job gains combined with new figures from August – revised from 2,000 jobs lost during the month to 700 jobs lost – bring job gains in the state over the past year to about 34,700. Total jobs in Minnesota have grown by 1.3 percent in the past year, compared with a 1.4 percent growth rate nationally.“Minnesota has recovered nearly 90,000 jobs since hitting the low point of the recession three years ago last month,” said Blake Chaffee, DEED director of communications. “The labor market has been steadily improving since then, but we still have more work to do.”

Education and health services led all sectors last month with 5,600 new jobs. Other job gains occurred in leisure and hospitality (up 3,300), construction (up 1,500), financial activities (up 1,200), other services (up 1,100), professional and business services (up 800), trade, transportation and utilities (up 200), and logging and mining (up 200).

Job losses occurred in government (down 3,600), manufacturing (down 2,500) and information (down 1,500).

Education and health services also led gains over the past 12 months, adding 17,300 jobs. Other gains occurred in professional and business services (up 13,300), construction (up 4,400), government (up 2,200), manufacturing (up 2,100), financial activities (up 1,300) and information (up 400).

Over-the-year job losses occurred in leisure and hospitality (down 4,900), trade, transportation and utilities (down 1,100), other services (down 300), and logging and mining (down 100).

In the state Metropolitan Statistical Areas, job gains occurred in the past 12 months in the St. Cloud MSA (up 2.9 percent), Mankato MSA (up 2.1 percent), Minneapolis-St. Paul MSA (up 1.3 percent), Rochester MSA (up 0.5 percent) and Duluth-Superior MSA (up 0.3 percent).

DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and our services, visit us at www.PositivelyMinnesota.com. Follow us on Twitter at www.twitter.com/PositivelyMN.

 

Seasonally adjusted

Not seasonally adjusted

Unemployment Rate

 September
2012

August
2012

September
2012

September
2011

Minnesota

5.8

5.9

5.3

5.8

U.S.

7.8

8.1

7.6

8.8

Employment

 September
2012

August
2012

 Sept. ’11 -
Sept. ’12
Level Change

 Sept. ’11-
Sept. ’12
% Change

Minnesota

2,713,500

2,707,600

34,700

1.3

U.S.

133,500,000

133,386,000

1,822,000

1.4

 

Over The Year Employment Growth By Industry Sector (NSA)

OTY Job Change

OTY
Growth Rate (%)

U.S. OTY
Growth Rate (%)

Total Non-Farm Employment

34,700

1.3

1.4

Logging and Mining

-100

-0.9

4.2

Construction

4,400

4.3

0.1

Manufacturing

2,100

0.7

1.5

Trade, Trans. and Utilities

-1,100

-0.2

1.3

Information

400

0.8

-0.6

Financial Activities

1,300

0.8

1.1

Prof. and Bus. Services

13,300

4.0

3.1

Ed. and Health Services

17,300

3.7

2.0

Leisure and Hospitality

-4,900

-2.0

2.1

Other Services

-300

-0.2

0.8

Government

2,200

0.5

-0.3

 

Metropolitan Statistical Area

 OTY Employment Change
(#, NSA)

 OTY Employment Change
(%, NSA)

Minneapolis-St. Paul
MN-WI MSA

22,700

1.3

Duluth-Superior
MN-WI MSA

400

0.3

Rochester MSA

500

0.5

St. Cloud MSA

2,900

2.9

Mankato MSA

1,100

2.

 

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April 18, 2014