State Adds 7,200 Jobs in September
ST. PAUL – Minnesota employers added 7,200 jobs in September, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED).
The September gains, combined with August figures that were revised upward by 2,700 jobs, bring calendar year gains to a seasonally adjusted 23,000 jobs statewide. Since hitting the recessionary low point five years ago in September, Minnesota has added 212,800 jobs.
The Minnesota unemployment rate fell 0.2 percent in September to 4.1 percent, the state’s lowest jobless rate in eight years. The U.S. unemployment rate in September was 5.9 percent.
“As of September, it has been exactly five years since Minnesota’s employment level hit the recessionary low,” said Commissioner Katie Clark Sieben. “Since then, our state has added 212,800 jobs, enough to put us 53,800 jobs above our pre-recessionary peak. With 50 consecutive months of over-the-year job growth, Minnesota’s economy is showing signs of consistent, broad-based progress.”
Professional and business services led all sectors in September with 4,100 job gains. Other sectors that added jobs were leisure and hospitality (up 3,900), other services (up 1,300), education and health services (up 1,100), manufacturing (up 1,100), trade, transportation and utilities (up 300) and construction (up 200). Information held steady for the month.
Sectors with job losses were government (down 4,200), financial activities (down 400) and mining and logging (down 200).
Over the past year, professional and business services led all sectors with 11,161 new jobs, followed by manufacturing (up 10,376), education and health services (up 8,022), construction (up 6,996), leisure and hospitality (up 4,901), government (up 2,347), trade, transportation and utilities (up 1,007), information (up 851), other services (up 678), and logging and mining (up 541).
Financial activities lost 1,752 jobs over the past 12 months.
In the Metropolitan Statistical Areas, the following regions gained jobs in the past 12 months: Mankato MSA (up 3.4 percent), St. Cloud MSA (up 2 percent), Minneapolis-St. Paul MSA (up 1.7 percent), Rochester MSA (up 1.3 percent) and Duluth-Superior MSA (up 1 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. Go here for details.
Another measure, requests for unemployment insurance (UI) benefits, continues to drop, with monthly claims for benefits reaching 14-year lows. A link to the latest UI claims data for September can be found here.
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 our services, visit us at http://mn.gov/deed/ . Follow us on Twitter at twitter.com/mndeed.