Minnesota Employers Rebound in September Adding 6,400 Jobs
Minnesota’s unemployment rate ticked back down to 3.7 percent in September after employers added 6,400 jobs, according to the state’s Department of Employment and Economic Development (DEED).
While Minnesota’s unemployment rate remains one of the best in the country, it has improved little in recent years.
Since July 2014, the state has floated between a 3.7 percent and 4 percent unemployment rate. Comparatively, the national rate, which fell to 4.2 percent in September—its best result in over a decade—has improved 2 percent in the same stretch of time.
For Minnesota, its issue hasn’t been a lack of job options for unemployed residents. The issue more so involves the state’s struggle to attract outside talent. Currently, job vacancies in Minnesota outnumber the unemployed—a first for the state in over 15 years.
Yet, the jobs added in September left DEED commissioner Shawntera Hardy feeling positive about the state’s outlook. “Minnesota’s economy is headed in the right direction,” she said in a statement.
During September, Minnesota recorded its most significant employment gains in the professional and business services sector (up 3,600), education and health services (up 2,000), government (up 1,700) and other services (up 1,400). Additionally, the financial activities sector added 700 jobs last month, as did trade, transportation and utilities (up 600) and logging and mining (up 200).
Sectors that lost jobs during the month include: information (down 1,700), leisure and hospitality (down 1,700) and construction (down 400). Employment in the manufacturing sector remained unchanged.
The Minneapolis-St. Paul metro area continues to see the strongest job growth year-over-year, according to DEED. Employment in the Twin Cities is up 2.1 percent since September 2016. Job growth has also occurred in the Duluth-Superior region (up 1.3 percent), St. Cloud area (up 1.3 percent), Mankato area (up 1.2 percent) and Rochester area (up 0.9 percent).