Jobless Rate 16 May 13

The Minnesota unemployment rate fell to a seasonally adjusted 5.3 percent in April, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).

The agency said the jobless rate fell to its lowest point since May 2008 and remains well below the U.S. rate of 7.5 percent in April.

State employers shed 11,400 jobs in April, while March figures were revised from 5,200 jobs lost to 3,300 jobs lost. Minnesota has gained 24,400 jobs over the past year, a growth rate of 1 percent, compared with a U.S. growth rate of 1.6 percent during that period.

Information along with education and health care led all sectors last month, each gaining 600 jobs. Logging and mining held steady.

Job losses occurred in trade, transportation and utilities (down 5,700), government (down 2,000), leisure and hospitality (down 1,900), manufacturing (down 1,100), other services (down 900), professional and business services (down 500), financial activities (down 400) and construction (down 100).