Minnesota Gains 7300 More Jobs
St Paul, MN (KROC AM News) - Minnesota’s unemployment rate for August remained unchanged from July at 4 percent.
That compares to 3.7 percent from the same month a year ago. The State Department of Employment and Economic Development (DEED) report says employers added 7,300 jobs to the economy during August. Since August 2014, the economy has gained 38,000 jobs for a slow growth rate of 1.3 percent. The Rochester area is the only large metro region in the state to report a decline during the past year.
“The Minnesota labor market posted healthy gains in August, particularly in the private sector,” said DEED Commissioner Katie Clark Sieben. “Private employers added more than 12,000 jobs during the month.”
Professional and business services and the leisure and hospitality sector each added 4,600 jobs in August. Other industries that gained jobs were education and health services (up 2,900), financial activities (up 1,600), logging and mining (up 200) and information (up 200).
Government lost 5,000 jobs in August, followed by manufacturing (down 1,000), other services (down 400), construction (down 200), and trade, transportation and utilities (down 200).
Other sectors that added jobs during that period were professional and business services (up 10,817), leisure and hospitality (up 7,871), trade, transportation and utilities (up 5,098) and financial activities (up 3,590).
Over the past year, education and health services led all sectors with 15,721 new jobs.
The following sectors lost jobs in the past year: government (down 1,985), other services (down 1,087), manufacturing (down 583), construction (down 525), logging and mining (down 466), and information (down 414).
In the Metropolitan Statistical Areas, the following regions gained jobs in the past 12 months: Minneapolis-St. Paul MSA (up 1.9 percent), Duluth-Superior MSA (up 1.2 percent), Mankato MSA (up 1.5 percent) and St. Cloud MSA (up 0.5 percent). The Rochester MSA was the only area to shed jobs over the year (down 0.3 percent).