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State gains 8,500 jobs in June

Thu, Jul 17th, 2014
Posted in All State of Minnesota

ST. PAUL – Minnesota gained 8,500 jobs in June, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).

The second straight month of strong job growth brought net job gains in Minnesota to 10,700 for the calendar year. In the past 12 months, the state has added 53,779 jobs, a 1.9 percent annual growth rate, which matches the U.S. growth rate for that period.

The state unemployment rate fell to a seasonally adjusted 4.5 percent in June, down 0.6 percent from one year ago. The U.S. unemployment rate in June was 6.1 percent.

“Minnesota had positive employment growth in June, with more total jobs than ever before in our state’s history,” said DEED Commissioner Katie Clark Sieben. “The unemployment rate hasn’t been this low since February 2007, while new claims for unemployment benefits dropped to their lowest level in nearly 14 years.”

Government added 3,900 jobs in June, followed by education and health services (up 3,500), trade, transportation and utilities (up 2,200), financial activities (up 600), information (up 500), professional and business services (up 300), and logging and mining (up 200).

The following sectors lost jobs: other services (down 1,400), manufacturing (down 900), leisure and hospitality (down 300), and construction (down 100).

Professional and business services led all sectors over the past year with 12,452 new jobs. Other industries adding jobs over that period were education and health services (up 11,153), manufacturing (up 8,415), construction (up 8,363), government (up 7,898), leisure and hospitality (up 4,254), trade, transportation and utilities (up 3,592), information (up 828), and logging and mining (up 564).

Financial activities (down 1,886) and other services (down 1,854) lost jobs in the past year.

In the Metropolitan Statistical Areas, the following regions gained jobs in the past 12 months: St. Cloud MSA (up 2.8 percent), Minneapolis-St. Paul MSA (up 1.8 percent), Mankato MSA (up 1.6 percent), Rochester MSA (up 0.4 percent) and Duluth-Superior MSA (up 0.3 percent).

DEED recently added a new section to its website that examines the unemployment rate by demographics (race, age and gender) and looks at alternative measures of unemployment. Click here for details.

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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