Vote Greg Davids
 
Letterwerks Sign City
 
"Where Fillmore County News Comes First"
Online Edition
Wednesday, October 22nd, 2014
Volume ∞ Issue ∞
 

State employers add 1,200 jobs


Fri, Nov 29th, 2013
Posted in All State of Minnesota

ST. PAUL – The Minnesota unemployment rate fell to a seasonally adjusted 4.8 percent in October, the same rate as when the recession started in December 2007, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).

The unemployment rate was down 0.2 percent from September’s jobless rate of 5 percent, which was not calculated earlier because data was unavailable due to the 16-day partial federal government shutdown in October. The U.S. unemployment rate was 7.2 percent in September and 7.3 percent in October.

“Minnesota’s unemployment rate has fallen to the lowest level in nearly six years, which highlights the continued strength of the labor market,” said DEED Commissioner Katie Clark Sieben. “Not only does the state have one of the lowest unemployment rates in the country, but we’re also adding jobs – an indicator of a growing economy on the right track.”

State employers cut 8,700 jobs in September and added 9,900 jobs in October for a net gain of 1,200 jobs over the two-month period. The state has added nearly 50,000 jobs over the past year, a growth rate of 1.8 percent compared with a U.S. growth rate of 1.7 percent.

Education and health services led all sectors during the two-month period, adding 6,700 jobs. Other sectors with job gains during that period were manufacturing (up 5,300), information (up 600), construction (up 300), logging and mining (up 200), and government (up 200).

The following sectors lost jobs over the past two months: professional and business services (down 7,300), other services (down 3,500), financial activities (down 1,000), trade, transportation and utilities (down 200), and leisure and hospitality (down 100).

Nine of the state’s 11 industrial sectors have added jobs in the past year, led by education and health services (up 14,200). Other job gains occurred in trade, transportation and utilities (up 13,600), professional and business services (up 7,300), leisure and hospitality (up 6,200), construction (up 3,500), government (up 2,400), financial activities (up 2,100), information (up 900), and logging and mining (up 500).

Manufacturing lost 800 jobs in the past year, while other services lost 10 jobs.

In the state Metropolitan Statistical Areas, job gains occurred in the past 12 months in the Minneapolis-St. Paul MSA (up 2.4 percent), St. Cloud MSA (up 2.2 percent), Mankato MSA (up 0.9 percent), Duluth-Superior MSA (up 0.3 percent) and Rochester MSA (up 0.2 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 http://mn.gov/deed/. Follow us on Twitter at twitter.com/mndeed.

No Comments Yet. Be the first to comment!







Your comment submission is also an acknowledgement that this information may be reprinted in other formats such as the newspaper.


Vote for Pieper
Foods Weekly Ads
Studio A Photography