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State sheds 4,200 jobs in April Unemployment rate drops to 4.7 perecent


Thu, May 29th, 2014
Posted in All State of Minnesota

ST. PAUL, Minn. – Minnesota employers shed 4,200 jobs in April, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED). March figures were revised downward from 2,600 jobs gained to 700 jobs gained.

The unemployment rate fell to a seasonally adjusted 4.7 percent in April. The state has added nearly 42,000 jobs in the past year, a growth rate of 1.5 percent, compared with a U.S. growth rate of 1.7 percent during that period.

“While hiring slowed in April, the overall trend remains positive, with all but one of the state’s industrial sectors adding jobs over the past year,” said DEED Commissioner Katie Clark Sieben.

Manufacturers added 2,400 jobs in April, reaching a post-recession high of 315,000 jobs. Other sectors that added jobs in April were government (up 1,500) and information (up 200). Trade, transportation and utilities held steady.

The following industries lost jobs: construction (down 2,200), professional and business services (down 2,200), leisure and hospitality (down 1,700), financial activities (down 800), education and health services (down 700), other services (down 600), and logging and mining (down 100).

Over the past year, sectors that gained jobs were education and health services (up 9,244), manufacturing (up 7,748), construction (up 7,158), trade, transportation and utilities (up 5,873), professional and business services (up 5,256), leisure and hospitality (up 4, 396), government (up 1,764), other services (up 1,161), information (up 427), and logging and mining (up 232).

Financial activities (down 1,325) is the only sector that lost jobs in the past year.

In the Metropolitan Statistical Areas, the following regions gained jobs in the past 12 months: Mankato MSA (up 3.1 percent), St. Cloud MSA (up 2.9 percent), Minneapolis-St. Paul MSA (up 1.6 percent), Duluth-Superior MSA (up 0.5 percent) and the Rochester 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 http://mn.gov/deed/ . Follow us on Twitter at twitter.com/mndeed .

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