MN Unemployment Rate Steady 17 May 18

ST. PAUL – The Minnesota unemployment rate held steady at 3.2 percent in April, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED). The U.S. unemployment rate in April was 3.9 percent. 

The state lost 3,200 jobs on a seasonally adjusted basis in April, while March’s figures were revised downward from 2,900 jobs gained to 400 jobs gained. Minnesota added 11,659 jobs over the past year, an increase of 0.4 percent. Jobs on a national basis were up 1.7 percent in the past 12 months. 

“Unusual weather conditions in the early part of the month were likely a contributing factor in April’s job losses, particularly in industries like construction and leisure and hospitality,” said DEED Commissioner Shawntera Hardy. “The state’s labor market fundamentals remain solid, with the number of unemployed Minnesotans at a 17-year low and the unemployment rate in recent months at its lowest level since August 2000.”

Other services led all sectors last month with 1,400 new jobs, followed by financial activities (up 1,200), manufacturing (up 900) and government (up 200). Information and the logging and mining sector held steady. 

The following industries lost jobs in April: leisure and hospitality (down 3,600), trade, transportation and utilities (down 2,000), professional and business services (down 700), construction (down 400) and education and health services (down 200).

Over the past year, government led all sectors with 6,297 new jobs. Other industries gaining jobs in the past 12 months were education and health services (up 6,097), manufacturing (up 4,715), trade, transportation and utilities (up 1,254) and financial activities (up 873). 

Five industries lost jobs in the past 12 months: leisure and hospitality (down 3,314), construction (down 1,627), professional and business services (down 1,352), information (down 789) and other services (down 388). 

In the Metropolitan Statistical Areas, four regions gained jobs over the past 12 months: Minneapolis-St. Paul MSA (up 0.7 percent), Duluth-Superior MSA (up 0.4 percent), St. Cloud MSA (up 0.4 percent) and Mankato MSA (up 1.6 percent). The Rochester MSA was down 0.6.