State and National Employment and Unemployment

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State / National Unemployment Rates

In February, Minnesota’s seasonally adjusted unemployment rate rose a tenth point to 4.8 percent.

Minnesota’s labor force participation rate increased for the second consecutive month to 70.5 percent in February.

The national unemployment rate also rose a tenth point to 6.7 percent in February.


  
Unemployment Rates

 

February
2014

January
2014

February
2013

Minnesota

Seasonally Adjusted

4.8%

4.7%

5.3%

Not Seasonally Adjusted

5.5%

5.6%

5.9%

United States

Seasonally Adjusted

6.7%

6.6%

7.7%

Not Seasonally Adjusted

7.0%

7.0%

8.1%

Over-the-Year Change

Minnesota gained 44,714 jobs over-the-year in February, up 1.6 percent from one year ago. This is above the U.S. annual growth of 1.5 percent.

Annual jobs growth occurred in all but two major industry sectors in February. Leading industries included Education and Health Services (+13,433 jobs); Trade, Transportation and Utilities (+8,311 jobs); Construction (+6,766 jobs); Manufacturing (+6,541 jobs); Professional and Business Services (+5,591 jobs); Other Services (+3,104 jobs); and Leisure and Hospitality (+2,908 jobs).

Smaller gains occurred in Information (+683 jobs) and Logging and Mining (+121 jobs).

The two sectors which lost jobs over the year were Government (-1,618 jobs) and Financial Activities (-1,126 jobs).

Overall, private firms in Minnesota added 46,332 jobs over the year, a growth rate of 2.0 percent, and compared to 1.9 percent nationally.

Monthly Changes by Sector

Minnesota lost 100 jobs in February, after gaining 800 jobs in January.

Six sectors added jobs in February: Education and Health Services (+1,300 jobs), Professional and Business Services (+1,300 jobs), Leisure and Hospitality (+900 jobs), Manufacturing (+300 jobs), Construction (+300 jobs), and Mining and Logging (+100 jobs).

Losses occurred in Information (-1,000 jobs); Government (-1,000 jobs); Trade, Transportation and Utilities (-1,000 jobs); Financial Activities (-800 jobs); and Other Services (-500 jobs).

The private sector added 900 jobs in February.


 

Minnesota Nonfarm Employment

 

February- Seasonally Adjusted

Minnesota

U.S.

Number of Jobs
Gained or Lost

Percent
Change

Percent
Change

Total Nonfarm Employment

-100

0.0%

0.1%

Total Private

900

0.0%

0.1%

Mining and Logging

100

1.4%

0.1%

Construction

300

0.3%

0.3%

Manufacturing

300

0.1%

0.0%

Trade, Transportation, and Utilities

-1,000

-0.2%

0.0%

Information

-1,000

-1.8%

-0.6%

Financial Activities

-800

-0.4%

0.1%

Professional and Business Services

1,300

0.4%

0.4%

Education and Health Services

1,300

0.3%

0.2%

Leisure and Hospitality

900

0.4%

0.2%

Other Services

-500

-0.4%

0.1%

Government

-1,000

-0.2%

0.1%