Minnesota’s Employment Total Sets Record in July
St Paul, MN (KROC AM News) - The Minnesota Department of Employment and Economic Development reported Thursday the state’s economy gained 11,300 jobs last month.
The department’s June report was also revised to show a gain of an additional 2,400 jobs. That has raised the number of new jobs over the last 12 months to just over 44,000.
The department says July’s gains pushed Minnesota’s overall employment total above the 2.9 million mark for the first time in state history.
Despite the July increase, the state’s unemployment rate rose a tenth of a point to a seasonally adjusted 3.9 percent. That’s the highest it’s been since July 2014.
The report shows the Rochester area has experienced a 2.9 percent increase in employment during the past year for a gain of 3400 new jobs.
Leisure and hospitality led all sectors in July with 3,400 new jobs. Other industries gaining jobs were trade, transportation and utilities (up 2,100), other services (up 1,800), education and health care (up 1,700), government (up 700), professional and business services (up 700), construction (up 600), information (up 400) and financial activities (up 100). Logging and mining held steady.
Manufacturing was the only industry that lost jobs, down 200.
Over the past year, the following sectors gained jobs: education and health services (up 20,486), leisure and hospitality (up 10,999), trade, transportation and utilities (up 6,549), construction (up 6,050), financial activities (up 1,836), professional and business services (up 1,014) and manufacturing (up 559).
Four industries lost jobs in the past 12 months: logging and mining (down 1,580), information (down 1,525), government (down 185) and other services (down 169).
In the Metropolitan Statistical Areas, the following regions gained jobs in the past 12 months: Minneapolis-St. Paul MSA (up 1.9 percent), Rochester MSA (up 2.9 percent), St. Cloud MSA (up 2.9 percent), Mankato MSA (up 1.7 percent) and Duluth-Superior MSA (up 0.1 percent).