State gains 10,200 jobs in May; unemployment drops to 3.1 percent

Janelle Von PinnonUncategorized0 Comments

Minnesota employers added 10,200 jobs in May, according to seasonally adjusted figures released June 14 by the Minnesota Department of Employment and Economic Development.

With those gains, the state has added 29,188 jobs in the past year, a 1 percent growth rate. The U.S. rate of job growth during that period was 1.7 percent.

Minnesota’s seasonally adjusted unemployment rate fell to 3.1 percent in May, the lowest level since July 2000. The U.S. unemployment rate was 3.8 percent in May.

“Minnesota bounced back with its strongest month of job gains in more than a year, following weather-related delays in new hiring in April,” said DEED Commissioner Shawntera Hardy. “Businesses are continuing to add employees, despite a tightening labor market.”

Professional and business services led all sectors last month with 2,700 new jobs. Other sectors adding jobs were leisure and hospitality (up 2,200); construction (up 1,600); trade, transportation and utilities (up 1,500); manufacturing (up 1,400); other services (up 900); government (up 300); information (up 100); and logging and mining (up 100). Financial activities was steady.

Education and health services (down 600) was the only sector that lost jobs in May.

During the past year, manufacturing (up 6,063) has added the most jobs; followed by government (up 5,804); trade, transportation and utilities (up 4,986); education and health services (up 4,463); leisure and hospitality (up 2,979); construction (up 2,898); professional and business services (up 2,072); information (up 133); and other services (up 12).

Two industries lost jobs in the past 12 months: financial activities (down 188), and logging and mining (down 34).

In the Metropolitan Statistical Areas, four regions gained jobs during the past 12 months: St. Cloud MSA (up 1.6 percent); Minneapolis-St. Paul MSA (up 1.5 percent), Duluth-Superior MSA (up 0.9 percent) and Mankato MSA (up 2.2 percent). The Rochester MSA was down 0.7 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 May       2018 April 2018 May 2018 May 2017
Minnesota   3.1 3.2 2.5 3.1
U.S.   3.8 3.9 3.6 4.1
Employment May 2018 April 2018 May ‘17- May ‘18 Level Change May ‘17- May ‘18 % Change
Minnesota   2,955,200 2,945,000 29,188 1.0
U.S. 148,662,000 148,439,000 2,520,000 1.7

 

 

Over The Year Employment Growth By Industry Sector (NSA)
  OTY Job Change OTY Growth Rate (%) U.S. OTY             Growth Rate (%)
Total Non-Farm Employment 29,188 1.0 1.7
Logging and Mining -34 -0.5 4.3
Construction 2,898 2.3 5.0
Manufacturing 6,063 1.9 2.2
Trade, Trans. and Utilities 4,986 0.9 1.6
Information 133 0.3 1.9
Financial Activities -188 -0.1 1.5
Prof. and Bus. Services 2,072 0.6 1.1
Ed. and Health Services 4,463 0.8 2.2
Leisure and Hospitality 2,979 1.1 2.4
Other Services 12 0.0 2.0
Government 5,804 1.4 0.1

 

Metropolitan Statistical Area OTY Employment Change (#, NSA) OTY Employment Change (%, NSA)
Minneapolis-St. Paul MN-WI MSA 29,304 1.5
Duluth-Superior MN -WI MSA 1,298 0.9
Rochester MSA -879 -0.7
St. Cloud MSA 1,779 1.6
Mankato MSA 1,286 2.2

 

Author: Janelle Von Pinnon

Von Pinnon has been publishing the St. Joseph Newsleader since 1989, the Sartell-St. Stephen Newsleader since 1995 and the Sauk Rapids-Rice Newsleader since 2015. She graduated from Minnesota State University-Moorhead with degrees in mass communications (with an emphasis on print journalism) and biology. She lives in southeast St. Cloud with her husband and two children.

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