Babaamaajimowinan (Telling of news in different places)

State Gains 2,900 Jobs in March

Unemployment rate steady at 3.2 percent

ST. PAUL – Minnesota employers added 2,900 jobs in March, according to seasonally adjusted figures released today 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).

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 March

2018 February

2018 March

2018 March

2017

Minnesota 3.2 3.2 3.8 4.1

U.S. 4.1 4.1 4.1 4.6

Employment March

2018 February

2018 March ‘17- March ‘18

Level Change March ‘17- March ‘18

% Change

Minnesota 2,951,300 2,948,400 21,250 0.7

U.S. 148,230,000 148,127,000 2,379,000 1.6

Over The Year Employment Growth By Industry Sector (NSA)

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

Total Non-Farm Employment 21,250 0.7 1.6

Logging and Mining -58 -0.9 4.2

Construction 151 0.1 4.6

Manufacturing 3,010 1.0 2.0

Trade, Trans. and Utilities 7,389 1.4 1.4

Information -538 -1.1 0.6

Financial Activities -1,141 -0.6 1.7

Prof. and Bus. Services -1,414 -0.4 1.1

Ed. and Health Services 8,939 1.7 2.2

Leisure and Hospitality -786 -0.3 2.8

Other Services -1,388 -1.2 1.8

Government 7,086 1.7 0.0

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

Minneapolis-St. Paul MN-WI MSA 16,455 0.8

Duluth-Superior MN -WI MSA 1,404 1.0

Rochester MSA 70 0.1

St. Cloud MSA 693 0.6

Mankato MSA 1,278 2.2

Upon request, the information in this news release can be made available in alternative

formats for people with disabilities by contacting the DEED Communications Office at 651-259-7161.

Minnesota Department of Employment and Economic Development

Communications Office

Phone 651-259-7149 or 1-800-657-3858

 

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