MN Unemployment Rate Unchanged 09 Mar 17

ST. PAUL – Minnesota’s unemployment rate was 4 percent in January, unchanged from the state’s revised jobless rate in December, according to seasonally adjusted figures released today (Thursday) by the Minnesota Department of Employment and Economic Development (DEED).

The U.S. unemployment rate was 4.8 percent in January. 
Minnesota employers eliminated 8,300 jobs in January. Over the past year, the state has gained 35,136 jobs, an increase of 1.2 percent. U.S. job growth over the past year was 1.5 percent. 
Leisure and hospitality led all sectors in January with 3,300 new jobs, followed by other services (up 1,500) and information (up 200). Logging and mining held steady. 
Over the past year, education and health services led all industries with 13,247 new jobs. DEED also announced revised job figures from the previous two years based on updated data from the federal Bureau of Labor Statistics. Those figures indicate Minnesota gained nearly 8,500 more jobs than originally reported from December 2014 to December 2015. The state, however, gained about 4,200 fewer jobs than originally reported between December 2015 and December 2016.

Those adjustments and other factors resulted in a revised unemployment rate of 4 percent in December 2016, rather than the 3.9 percent rate that was originally reported.