MN Gains 8,900 Jobs in December/Unemployment Rate 3.1% 18 Jan 18

ST. PAUL – Minnesota employers added 8,900 jobs in December, with 8,700 of them coming from the private sector, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED). 
The state gained 44,200 jobs during the calendar year, a growth rate of 1.5 percent. The U.S. rate of job growth last year also was 1.5 percent. 
Minnesota’s seasonally adjusted unemployment rate in December was 3.1 percent, down slightly from the revised rate of 3.2 percent in November and the lowest level since July 2000. 
Additionally, the 12-month average unemployment rate for Minnesota’s black population fell to 7.5 percent, its lowest rate on record since DEED began tracking that data in late 2001. DEED recently added a section to its website that examines the unemployment rate by demographics (race, age and gender) and looks at alternative measures of unemployment.

“Minnesota’s economy had a strong year, with nine of 11 major industrial sectors adding jobs in 2017 and unemployment at a 17-year low,” said DEED Commissioner Shawntera Hardy. “As we enter 2018, we continue to make progress on ending Minnesota’s economic disparities, and all economic indicators point to continued growth in the state’s labor market. Still, we have more work to do to connect all Minnesotans, specifically people of color, indigenous communities and people with disabilities, to employment and training opportunities to ensure that they succeed in today’s economy.”

Construction led all sectors last month with 5,700 new jobs. Other industries adding jobs were education and health services (up 2,500), trade, transportation and utilities (up 1,800), leisure and hospitality (up 1,800), government (up 200), logging and mining (up 100) and information (up 100). 
The following sectors lost jobs: professional and business services (down 1,400), other services (down 1,100), manufacturing (down 600) and financial activities (down 200).