Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

State Adds 6,400 Jobs in September

Unemployment rate drops to 3.7 percent

 

October 20, 2017



ST. PAUL – Minnesota employers added 6,400 jobs in September, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED).

The state has gained 41,259 jobs over the past year, an increase of 1.4 percent. U.S. job growth in the past 12 months was 1.2 percent.

Minnesota’s seasonally adjusted unemployment rate fell 0.1 percent in September to 3.7 percent. The U.S. unemployment rate was 4.2 percent in September.

"Minnesota's job expansion is now eight years strong, with the state adding more than 337,000 jobs since September 2009," said DEED Commissioner Shawntera Hardy. "During that period, the overall unemployment rate fell from 7.9 percent to the current low of 3.7 percent. Minnesota's economy is headed in the right direction."

Professional and business services led all sectors in September with 3,600 new jobs. Other sectors gaining jobs were education and health services (up 2,000), government (up 1,700), other services (up 1,400), financial activities (up 700), trade, transportation and utilities (up 600) and logging and mining (up 200). Manufacturing was unchanged.

The following sectors lost jobs in September: information (down 1,700), leisure and hospitality (down 1,700) and construction (down 400).

Over the past year, 10 of the state’s 11 industrial sectors have gained jobs, led by education and health services (up 15,511). Other job gains were posted by construction (up 6,239), other services (up 4,246), trade, transportation and utilities (up 4,156), government (up 3,362), manufacturing (up 3,051), professional and business services (up 2,886), leisure and hospitality (up 2,104), logging and mining (up 619) and financial activities (up 425).

Information (down 1,340) is the only major sector that lost jobs in the past 12 months.

In the Metropolitan Statistical Areas, all regions gained jobs in the past 12 months: Minneapolis-St. Paul MSA (up 2.1 percent), Duluth-Superior MSA (up 1.3 percent), Rochester MSA (up 0.9 percent), St. Cloud MSA (up 1.3 percent) and Mankato MSA (up 1.2 percent).

DEED has added a section to its website that examines the unemployment rate by demographics (race, age and gender) and looks at alternative measures of unemployment.

DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and its services, visit the DEED website or follow DEED on Twitter.

Seasonally adjusted Not seasonally adjusted

Unemployment Rate September 2017 August 2017 September 2017 September 2016

Minnesota 3.7 3.8 2.9 3.6

U.S. 4.2 4.4 4.1 4.8

Employment September 2017 August 2017 Sept. ‘16- Sept. ‘17 Level Change Sept. ‘16- Sept. ‘17 % Change

Minnesota 2,955,300 2,948,900 41,259 1.4

U.S. 146,659,000 146,692,000 1,796,000 1.2

Over The Year Employment Growth By Industry Sector (NSA)

OTY Job Change OTY Growth Rate (%) U.S. OTY Growth Rate (%)

Total Non-Farm Employment 41,259 1.4 1.2

Logging and Mining 619 9.3 9.1

Construction 6,239 4.9 2.5

Manufacturing 3,051 1.0 1.0

Trade, Trans. and Utilities 4,156 0.8 0.3

Information -1,340 -2.6 -2.8

Financial Activities 425 0.2 1.8

Prof. and Bus. Services 2,886 0.8 2.6

Ed. and Health Services 15,511 3.0 2.1

Leisure and Hospitality 2,104 0.8 1.2

Other Services 4,246 3.7 0.9

Government 3,362 0.8 0.2

Metropolitan Statistical Area OTY Employment Change (#, NSA) OTY Employment Change (%, NSA)

Minneapolis-St. Paul MN-WI MSA 42,524 2.1

Duluth-Superior MN -WI MSA 1,839 1.3

Rochester MSA 1,100 0.9

St. Cloud MSA 1,367 1.3

Mankato MSA 691 1.2

 

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