Unemployment Rate Steady Despite Job Gains
St. Paul, MN (KROC-AM News) - Minnesota’s seasonally adjusted unemployment rate was steady last month at 3.7-percent and it has now been at that level for four consecutive months. The jobless rate reported Thursday by the Minnesota Department of Employment and Economic Development also matched the rate from February of last year.
The rate was steady even though Minnesota saw a net gain of about 9000 jobs last month. Over the past year, the number of jobs has grown by over 42,000 for a job growth rate of 1.5 percent, which remained below the national average of 1.9 percent.
The report shows the Rochester area has seen a year-over-year gain of about 2700 jobs for a growth rate of 2.4 percent.