Unemployment Unchanged In February
Minnesota employers added 3,800 jobs during the month of February, but the unemployment rate stayed steady at 4 percent, according to the Department of Employment and Economic Development (DEED).
DEED’s report also revised January’s numbers to indicate 3,900 jobs lost. The initial number was 8,300 jobs lost.
“The February report is another sign that Minnesota’s economy is moving in the right direction,” DEED commissioner Shawnterra Hardy said in a statement. “Businesses are adding jobs and people are finding work.”
Jobs in trade, transportation and utilities led growth for the month with 5,700 added. Construction ranked highly as well with 4,500 jobs. But professional and business services (down 3,100), hospitality (down 2,800) and government (2,400) all reported losses.
All but one of Minnesota’s metropolitan statistical areas reported job gains in the last year. Only Mankato has lost any—down 120 jobs, or a 0.2 percent loss. Leading job gains were the Twin Cities (up 1.6 percent) and St. Cloud (up 1.5 percent).