Job outlook brightensMinnesota employers added 10,300 jobs in July – the state’s first monthly employment gains since August 2008, according to figures released last week by the Minnesota Department of Employment and Economic Development (DEED).
Minnesota employers added 10,300 jobs in July – the state’s first monthly employment gains since August 2008, according to figures released last week by the Minnesota Department of Employment and Economic Development (DEED).
The state’s unemployment rate fell 0.3 percent from June to a seasonally adjusted 8.1 percent. The U.S. unemployment rate in July was 9.4 percent.
“This is encouraging news, particularly because the job gains were widespread across industry sectors,” said DEED Commissioner Dan McElroy. “We are hopeful that this is the beginning of an upward trend for our economy. As always, we continue our efforts to help businesses grow and to help people find jobs in Minnesota.”
Eight of the state’s 11 industry sectors gained employment during the month, led by leisure and hospitality, which added 3,900 jobs.
Other gains were posted by government (up 2,800), manufacturing (up 1,700), professional and business services (up 1,700), education and health services (up 1,200), construction (up 700), logging and mining (up 200), and financial activities (up 100).
Job losses occurred in trade, transportation and utilities (down 1,300), information (down 500) and other services (down 200).
Over the past year, education and health services added 13,600 jobs and government added 6,000 jobs.
Job losses occurred over the past year in manufacturing (down 38,900), professional and business services (down 31,900), trade, transportation and utilities (down 20,600), construction (down 17,000), other services (down 3,900), financial activities (down 3,600), information (down 3,000), logging and mining (down 2,200), and leisure and hospitality (down 600).
In the state’s Metropolitan Statistical Areas, over-the-year job losses occurred in the Minneapolis-St. Paul MSA (down 3.5 percent), Duluth-Superior MSA (down 4.4 percent), Rochester MSA (down 1.6 percent) and St. Cloud MSA (down 2.7 percent).
For additional information on the July employment figures and the job vacancy survey, visit www.PositivelyMinnesota.com.