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Minnesota Unemployment Rate Drops .1% In May
State Unemployment Drops to 7 Percent |
ST. PAUL – The state unemployment rate dipped to a seasonally adjusted 7 percent in May, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).
Minnesota’s unemployment rate for May is 2.7 percentage points below the U.S. rate of 9.7 percent. The state’s rate for April was adjusted down by 0.1 percent to 7.1 percent.
Minnesota added 5,600 jobs in May. Since the low point of the recession in September 2009, Minnesota has added 34,200 jobs.
“Minnesota is experiencing signs that economic recovery is progressing,” said DEED Commissioner Dan McElroy. “While it will take some time for employment to return to pre-recession levels, I am encouraged to see job growth for the second consecutive month.”
McElroy also noted that the length of the average work week in May increased by 0.4 to 33.1 hours. It had held steady at 32.7 hours since January 2010.
In Minnesota jobs in the government sector were up by a net total of 3,000 in May. That figure represents an increase in federal government jobs by 5,300, offset by a decrease in state and local government jobs by 2,300.
Manufacturing added 400 jobs during the month, gaining for the fifth month in a row. Other gains occurred in education and health services (up 2,600), trade, transportation and utilities (up 1,300), professional and business services (up 1,200), logging and mining (up 200), information (up 200), other services (up 200), and leisure and hospitality (up 100).
Job losses occurred in construction (down 2,200) and financial activities (down 1,400).
Over the past 12 months, job gains have occurred in professional and business services (up 7,600), education and health services (up 6,400), government (up 6,200), and logging and mining (up 100). The state has lost 5,600 or 0.2 percent of its jobs in the past year, the lowest rate in that category in the past two years.
The temporary help area, often considered a leading economic indicator, is up 14.5 percent over the past 12 months, the largest rate of gain since mid-2006.
Year-over-year job losses occurred in construction (down 12,800), other services (down 4,900), financial activities (down 4,800), manufacturing (down 1,900), leisure and hospitality (down 1,200), trade, transportation and utilities (down 300), and information (down 100).
In the state Metropolitan Statistical Areas, job gains occurred in the past year in the St. Cloud MSA (up 1 percent) and the Rochester MSA (up 0.6 percent). Over-the-year job losses occurred in the Minneapolis-St. Paul MSA (down 1 percent) and the Mankato MSA (down 2.6 percent). The Duluth-Superior MSA was flat over the past year.
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 www.PositivelyMinnesota.com.
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Seasonally adjusted |
Not seasonally adjusted |
|||
Unemployment Rate |
May |
April |
|
|
Minnesota |
7.0 |
7.1 |
|
|
U.S. |
9.7 |
9.9 |
|
|
Employment |
May |
April |
May '09 - |
May '09 - |
Minnesota |
2,650,900 |
2,645,300 |
-5,600 |
-0.2 |
U.S. |
130,570,000 |
130,139,000 |
-1,090,000 |
-0.4 |
Over The Year Employment Growth By Industry Sector (NSA) |
|||
OTY Job Change |
OTY |
U.S. OTY |
|
Total Non-Farm Employment |
-5,600 |
-0.2 |
-0.4 |
Logging and Mining |
100 |
2.3 |
3.3 |
Construction |
-12,800 |
-13.1 |
-8.2 |
Manufacturing |
-1,900 |
-0.6 |
-2.0 |
Trade, Trans. and Utilities |
-300 |
-0.1 |
-1.0 |
Information |
-100 |
-0.2 |
-2.9 |
Financial Activities |
-4,800 |
-2.8 |
-2.2 |
Prof. and Bus. Services |
7,600 |
2.5 |
0.5 |
Ed. and Health Services |
6,400 |
1.4 |
1.8 |
Leisure and Hospitality |
-1,200 |
-0.5 |
-0.2 |
Other Services |
-4,900 |
-4.2 |
-0.5 |
Government |
6,200 |
1.5 |
1.5 |
.
Metropolitan Statistical Area |
OTY Employment Change |
OTY Employment Change |
Minneapolis-St. Paul |
-17,500 |
-1.0 |
Duluth-Superior |
0 |
0.0 |
Rochester MSA |
700 |
0.6 |
St. Cloud MSA |
1,000 |
1.0 |
Mankato MSA |
-1,400 |
-2.6 |
- All labor force data are subject to revision.
- The unemployment rate is the percentage of people actively seeking work compared with those in the labor force (employed plus unemployed).
Upon request, the information in this news release is available in an alternative format such as Braille, large print, audiotape or computer disk.
Minnesota Department of Employment and Economic Development
Communications Office
Phone 651/259-7161 651/259-7161 1-800-657-3858
TTY 1-800-657-3973 1-800-657-3973
www.PositivelyMinnesota.com
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