The Minnesota unemployment rate fell to a seasonally adjusted 5.2 percent in June, reaching its lowest point since May 2008, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED). The U.S. unemployment rate in June
was unchanged at 7.6 percent.
State employers added 400 jobs in June; a 2,500 increase in
private sector hiring was offset by a 2,100 loss in government
employment. May figures were revised upward by 1,900 jobs, from 8,400 jobs gained to 10,300. Over the past year, the state has added 54,100 jobs, a growth rate of 2 percent. The U.S. growth rate during that period was 1.7 percent.
“The Minnesota economy continues to improve, with the
unemployment rate reaching a post-recessionary low point and private sector employers adding 2,500 jobs in June,” said DEED Commissioner Katie Clark Sieben. “We have now recovered 95 percent of the jobs that were lost in the recession.”
Professional and business services added 3,600 jobs last month to lead all sectors. Other gains occurred in trade, transportation and utilities (up 1,900), leisure and hospitality (up 1,400), logging and mining (up 200), and education and health services (up 100).
Job losses occurred in June in government (down 2,100), financial activities (down 1,200), construction (down 1,000), manufacturing (down 1,000), information (down 900) and other services (down 600).
Over the past year, professional and business services added
16,500 jobs. Other gains occurred during that period in leisure and hospitality (up 11,600), education and health services (up 11,000), trade, transportation and utilities (up 10,000), government (up 5,100), construction (up 2,100), logging and mining (up 300), financial activities (up 300) and information (up 100).
Year-over-year job losses occurred in manufacturing (down 1,400) and other services (down 1,300).
In the state Metropolitan Statistical Areas, job growth occurred in the past 12 months in the Minneapolis-St. Paul MSA (up 2.9 percent), St. Cloud MSA (up 2.2 percent), Mankato MSA (up 0.8 percent), Rochester MSA (up 0.6 percent) and Duluth-Superior MSA (up 0.4 percent).