Minnesota Creates 7,300 Jobs, Unemployment Rate Remains At 3.8 Percent

Minnesota Creates 7,300 Jobs, Unemployment Rate Remains At 3.8 Percent

So far this year, the nation has outpaced Minnesota in job creation by a sizable margin.

Minnesota’s unemployment rate remained steady at 3.8 percent in the month of June as state employers added 7,300 jobs, according to figures released by state economic officials.
 
However, those gains were largely offset by a revision to the May jobs report to reflect 8,400 jobs lost during the month. The original release had said 1,900 jobs were lost.
 
Employment growth over the first six months of the year has slowed considerably compared to the previous half-year period. In total, Minnesota has added 13,700 jobs in 2016 versus the more than 20,500 jobs that were created in the second half of 2015.
 
Minnesota even lags behind the nation in job creation. The state has seen a 1.2 percent increase in the number of new jobs, whereas the U.S. as a whole is reporting 1.8 percent job growth.
 
Most of this year’s job gains in Minnesota have come from the education and health services markets, which have reported 23,105 new openings. On the opposite end of the spectrum, employment figures within several industries are shrinking, including logging and mining (down 1,475 jobs), information (down 1,225), other services (down 1,174) and manufacturing (down 269).