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

Minnesota adds 3,800 Jobs in January

Unemployment rate ticks up to 3 percent

 

ST. PAUL - Minnesota added 3,800 jobs statewide during the first month of 2019, and the state's unemployment rate increased to 3 percent, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED). The U.S. unemployment rate was 4.0 percent in January.

December's previously announced gain of 500 jobs was revised downward to 800 jobs lost. The state's unemployment rate in December was also revised upward to 2.9 percent. Over the year, Minnesota has added 7,803 jobs since last January, the lowest over-the-year job gain since regaining positive growth following the recession.

"Minnesota has started the year on a positive note with 3,800 new jobs," said DEED Commissioner Steve Grove. "However, with revisions we continue to see job growth slowing across the state as our labor force continues to tighten."

Leisure and hospitality led all sectors in January with 2,200 new jobs, followed by trade, transportation and utilities (up 1,400) and financial activities (up 1,200).

The largest job losses were in education and healthcare, which lost 1,500 jobs. All other industries saw smaller changes, including logging & mining (up 100), manufacturing and information (each down 300), professional & business services (down 100), other services (up 800), and government (up 300).

In the Metropolitan Statistical Areas, the following regions gained jobs in the past 12 months: Rochester MSA (up 1.7 percent), and St. Cloud MSA (up 1.4 percent). Minneapolis-St. Paul MSA and Duluth MSA reported no growth. The Mankato MSA lost jobs (down 0.7 percent).

DEED also announced revised job figures for last year based on updated data from the federal Bureau of Labor Statistics. Those figures (not seasonally adjusted) indicate Minnesota gained 10,164 jobs from December 2017 to December 2018, rather than the 31,441 jobs that were originally estimated.

Use the link to see DEED's 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.

 

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