MN Unemployment Rate Unchanged 13 Mar 14

Minnesota employers added 600 jobs in January, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED). The agency also released revised figures that show the state gained 12,661 more jobs than originally reported over the previous 21 months.

The upward revision put total employment in the state over 2.8 million in December for the first time in history.

The state unemployment rate in January was unchanged from the seasonally adjusted revised rate of 4.7 percent in December. The U.S. unemployment rate in January was 6.6 percent.

The sixth consecutive month of job gains in January brought total job growth in the state during the past year to 52,160, a growth rate of 1.9 percent compared with a U.S. growth rate of 1.8 percent. Minnesota has regained 190,400 jobs since the low point of the recession and is 31,400 jobs above the state’s pre-recessionary peak.

“Even with January’s extremely cold weather, hardworking Minnesotans continued to generate jobs,” said DEED Commissioner Katie Clark Sieben. “We’re particularly encouraged by the breadth of the labor market recovery, with all 11 of the state’s industrial sectors gaining jobs in the past year.”

Leisure and hospitality led all sectors in January with 3,000 new jobs. Other job gains occurred in manufacturing (up 2,000), education and health care (up 1,200), professional and business services (up 900) and other services (up 200). Logging and mining held steady.

Job losses occurred in trade, transportation and utilities (down 3,200), financial activities (down 1,200), information (down 1,100), construction (down 900) and government (down 300).

Over the past year, education and health services led all sectors with 11,448 new jobs. Other job growth occurred in trade, transportation and utilities (up 10,245), construction (up 9,562), professional and business services (up 6,337), manufacturing (up 4,809), leisure and hospitality (up 3,597), other services (up 2,874), government (up 1,600), information (up 1,434), financial activities (up 201), and logging and mining (up 53).

In the state Metropolitan Statistical Areas, job gains occurred in the past 12 months in the Mankato MSA (up 2.6 percent), St. Cloud MSA (up 1.7 percent), Minneapolis-St. Paul MSA (up 1.5 percent) and Duluth-Superior MSA (up 0.9 percent). Job losses occurred in the Rochester MSA (down 0.3 percent).