State Gains 2,900 Jobs in March/Unemployment Rate Steady 19 Apr 18

ST. PAUL – Minnesota employers added 2,900 jobs in March, according to seasonally adjusted figures released today (Thursday) by the Minnesota Department of Employment and Economic Development (DEED).

DEED added that job cuts in February were revised from 1,300 jobs lost to 200 jobs lost. Over the past year, the state has gained 21,250 jobs, an increase of 0.7 percent. U.S. jobs were up 1.6 percent during that period.

The Minnesota unemployment rate held steady in March at a seasonally adjusted 3.2 percent. The U.S. unemployment rate was 4.1 percent.

“Manufacturing has been one of the state’s key economic drivers so far this year, gaining 3,100 jobs in the last two months,” said DEED Commissioner Shawntera Hardy. “The sector is growing at a healthy pace during a period when employers in manufacturing and most other industries are competing in a tight labor market.”

Trade, transportation and utilities led all sectors in March with 1,900 new jobs, followed by manufacturing (up 1,500), education and health services (up 800), information (up 700), professional and business services (up 200) and financial activities (up 100).

Construction and other services each lost 1,000 jobs in March, while logging and mining, leisure and hospitality, and government each lost 100 jobs.

Over the past year, the following industries have gained jobs: education and health services (up 8,939), trade, transportation and utilities (up 7,389), government (up 7,086), manufacturing (up 3,010) and construction (up 151).

Industries losing jobs in the past 12 months were professional and business services (down 1,414), other services (down 1,388), financial activities (down 1,141), information (down 538) and logging and mining (down 58).

In the Metropolitan Statistical Areas, all regions gained jobs in the past 12 months: Minneapolis-St. Paul MSA (up 0.8 percent), Duluth-Superior MSA (up 1 percent), Rochester MSA (up 0.1 percent), St. Cloud MSA (up 0.6 percent) and Mankato MSA (up 2.2 percent).