Minnesota Adds 500 Jobs in December, Unemployment Rate Steady at 2.8 Percent
For the fourth straight month, Minnesota’s seasonally adjusted unemployment rate remained at 2.8 percent for December. The latest statistics were released on Thursday morning by the Minnesota Department of Employment and Economic Development (DEED), which tracks monthly jobs data for the state.
But job growth for the month was nominal. Minnesota added only 500 jobs during December. At the same time, DEED’s previously reported finding of 800 jobs lost for November was revised downward to 1,000 jobs lost. Last month the original report of 3,400 jobs added in October was revised downward to 2,500 jobs added.
Combining those figures shows that Minnesota added just 2,000 throughout the fourth quarter of 2018. That tally could still change; the December numbers are likely to be revised next month.
Overall DEED reports that the state added 31,441 non-farm jobs during 2018. But the state’s job growth rate of 1.1 percent is notably lower than the national job growth rate of 1.8 percent over the same period.
Minnesota’s job growth during 2018 was dominated by three sectors: leisure and hospitality, construction and manufacturing. The job gains in those three sectors accounted for 84 percent of all jobs added during 2018.
By sector, these are DEED’s findings on jobs added in those categories.
- Leisure and Hospitality 11,783
- Construction 7,711
- Manufacturing 7,025
The biggest decline was seen in the education and health services category, which saw a loss of 4,662 jobs year-over-year.