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Jobless rate falls to 5.9 percent ~ employers cut 13,700 jobs in November


Fri, Dec 16th, 2011
Posted in Business Announcements

ST. PAUL - The Minnesota unemployment rate fell by 0.5 percent in November to a seasonally adjusted 5.9 percent, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED). The unemployment rate was the lowest in Minnesota since October 2008 and well behind the U.S. rate of 8.6 percent in November.

State employers eliminated 13,700 jobs in November, and October figures were revised to reflect an additional 1,200 jobs lost during that month. The state has lost 22,900 jobs over the past three months, even while the unemployment rate was falling from 7.2 percent to 5.9 percent during that period.

Several factors could account for the conflicting results, including sampling errors in the separate surveys that are used to tabulate the unemployment rate and employer hiring, more people becoming self-employed or contract workers, changes in Bureau of Labor Statistics methodology, and a declining labor force participation rate.

"The mixed results make it difficult to draw clear conclusions about how well the labor market is doing," said DEED Commissioner Mark Phillips. "I'm cautiously optimistic, however, that the economy is moving in the right direction."

Education and health services led all sectors in November, gaining 1,300 jobs. Logging and mining held steady.

Job losses occurred in leisure and hospitality (down 4,400), government (down 4,000), construction (down 1,600), manufacturing (down 1,200), professional and business services (down 1,100), financial activities (down 800), trade, transportation and utilities (down 700), information (down 600) and other services (down 600).

Over the past year, job gains have occurred in education and health services (up 9,000), professional and business services (up 5,000), leisure and hospitality (up 4,000), trade, transportation and utilities (up 2,200), manufacturing (up 1,800), financial activities (up 1,100), construction (up 400), and logging and mining (up 200).

Government led year-over-year job losses, down 12,800, followed by information (down 1,500) and other services (down 200).

In the state Metropolitan Statistical Areas, job gains occurred in the past year in the Mankato MSA (up 3 percent), Rochester MSA (up 1.2 percent) and Minneapolis-St. Paul MSA (up 1 percent). Job losses occurred in the St. Cloud MSA (down 1.1 percent) and the Duluth-Superior MSA (down 0.7 percent).

DEED is the sta .....
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Thrivent Financial commits $9.2 million to Habitat for Humanity

Tue, Dec 6th, 2011
Posted in Business Announcements





MINNEAPOLIS (Dec. 5, 2011) - For the seventh straight year, Thrivent Financial for Lutherans is committing millions to stabilize, strengthen and secure communities by creating affordable housing in partnership with low-income familie ..... 
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Unemployment rate dips to 6.4 percent

Fri, Nov 18th, 2011
Posted in Business Announcements

ST. PAUL - The state's unemployment rate fell 0.5 percent to a seasonally adjusted 6.4 percent in October, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED). The U.S. unemployment rate was ..... 
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DEED launching loan programs for small businesses

Fri, Oct 14th, 2011
Posted in Business Announcements

The Minnesota Department of Employment and Economic Development (DEED) has been awarded $15.5 million in federal funding for programs that will support small-business lending in the state.

The funding, from President Obama's Small Business J ..... 
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Arlin Falck Foundation accepting grant applications

Fri, Oct 14th, 2011
Posted in Business Announcements

Notice is hereby given that the Arlin Falck Foundation will accept applications for grants for community development, community promotions, community education, and similar matters. The grants shall be for the benefit of persons residing in Fillmore ..... 
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AgStar Fund solicits grant applications

Fri, Oct 14th, 2011
Posted in Business Announcements

The AgStar Fund for Rural America, the corporate giving program of AgStar Financial Services, is proud to announce it is once again accepting grant applications for programs that enhance the quality of life and future opportunities for rural residen ..... 
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Local lineworkers head to Wisconsin to aid in power restoration

Mon, Sep 12th, 2011
Posted in Business Announcements

Tri-County Electric Cooperative (TEC) sent four lineworkers to Friendship, Wis. earlier today to assist with power restoration efforts following a storm that rolled through its service territory. At one point Adams-Columbia Electric Cooperative, whi ..... 
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Emily Tracey, PA-C, joins Winona Health Rushford and Winona Clinics

Mon, Sep 12th, 2011
Posted in Business Announcements

Emily Tracey, a certified physician assistant (PA-C), has joined Winona Health's Family Practice Department and will see patients of all ages at both Rushford and Winona Clinics beginning mid-August.

"We're excited to have a new healthcare ..... 
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Coffee Street Inn in Lanesboro has new owner

Mon, Sep 12th, 2011
Posted in Business Announcements

Cheryl Sherry is the new Innkeeper for The Coffee Street Inn located in Lanesboro. Cheryl originally hails from Southern California and comes to the Coffee Street Inn from Fort Dodge, Iowa where she was working as a Community Relations Director in h ..... 
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