Minnesota’s unemployment rate ticked up one tenth of one percentage point to 3.9 percent on a seasonally adjusted basis in July. This compared to 4.9 percent nationally.
Due to a drop of 24,383 in the number of employed, Minnesota’s labor force participation rate continued its downward trend with a decline of six-tenths of a percentage point to 69.9 percent, compared to 62.8 percent nationally.
Minnesota added 44,034 jobs in July over the year, up 1.5 percent. Minnesota’s private sector added 44,219 jobs over the year, up 1.8 percent. Meanwhile, U.S. employment grew at a rate of 1.7 percent overall and 1.9 percent for the private sector.
Seven sectors grew over the year including Education & Health Services, up 20,486, Leisure & Hospitality, up 10,999, Trade, Transportation & Utilities, up 6,549, Construction, up 6,050, Financial Activities, up 1,836, Professional & Business Services, up 1,014 and Manufacturing, up 559 jobs over the year.
Four sectors lost jobs over the year including Logging & Mining, down 1,580, Information, down 1,525, Other Services, down 169 and Government, down 185.
Minnesota gained 11,300 jobs in July on a seasonally adjusted basis, up 0.4 percent over the month. Private sector employers added 10,600 jobs, up 0.4 percent over the month.
Nine of the eleven major sectors gained jobs over the month in July. The largest gains were in Leisure & Hospitality, up 3,400, Trade, Transportation & Utilities, up 2,100, Other Services, up 1,800, Education and Health Services, up 1,700 jobs, Professional & Business Services and Government, both up 700 and Construction, up 600 jobs on a seasonally adjusted basis.
One sector, Manufacturing, lost jobs over the month, down 200, while Mining & Logging was flat.
U.S. employment grew by 0.2 percent over the month in July.