State and National Employment and Unemployment

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Unemployment

Minnesota’s unemployment rate rose one-tenth of a percentage point to a seasonally adjusted 3.9 percent in June.

The increase in the unemployment rate happened even as the labor force participation rate declined for the first time in six months, down two-tenths of a percentage point. The number in the labor force also declined for the first time in over a year, down 7,800.

The national unemployment rate dropped two-tenth of a percentage point to 5.3 percent in June.


Unemployment Rates

June
2015

May
2015

June
2014

Minnesota

Seasonally Adjusted

3.9%

3.8%

3.9%

Not Seasonally Adjusted

3.9%

3.6%

4.1%

United States

Seasonally Adjusted

5.3%

5.5%

6.1%

Not Seasonally Adjusted

5.5%

5.3%

6.3%


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Annual Employment

Minnesota added 41,602 jobs in June over the year for a growth rate of 1.5 percent. Minnesota’s private sector added 43,633 for a growth rate of 1.8 percent. These rates lag national growth rates of 2.1 percent for total employment and 2.4 percent for private sector employment.

By sector, over the year job growth was strongest in Professional & Business Services, up 3.1 percent over the year, followed by Leisure & Hospitality, up 2.7 percent, Education & Health Services, up 2.3 percent, and Trade, Transportation & Utilities, up 2.0 percent.

Four sectors are now down over the year; Logging & Mining, down 2.7 percent, Information, down 0.5 percent, Other Services, down 0.7 percent, and Government, down 0.5 percent over the year.


Graph: Nonfarm Employment Growth


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Monthly Employment

Minnesota gained 2,900 jobs in June on a seasonally adjusted basis. Private sector employers gained 3,500 jobs while Government lost 600 jobs.

Five sectors gained jobs with the largest increases in Education & Health Services, up 3,200 jobs, followed by Construction, up 2,600 jobs over the month.

Six sectors lost jobs over the month with the largest loss in Manufacturing, down 800, followed by Trade, Transportation & Utilities and Government, both down by 600 jobs over the month.

National job growth stood at 0.2 percent on a seasonally adjusted basis in June.


Minnesota Nonfarm Employment

June - Seasonally Adjusted

Minnesota

U.S.

Number of Jobs
Gained or Lost

Percent
Change

Percent
Change

Total Nonfarm Employment

2,900

0.1%

0.2%

Total Private

3,500

0.1%

0.2%

Mining and Logging

1,800

0.4%

-0.4%

Construction

2,600

2.4%

0.0%

Manufacturing

-800

-0.3%

0.0%

Trade, Transportation, and Utilities

-600

-0.1%

0.4%

Information

-500

-0.9%

0.3%

Financial Activities

100

0.1%

0.2%

Professional and Business Services

200

0.1%

0.3%

Educational and Health Services

3,200

0.6%

0.2%

Leisure & Hospitality

-400

-0.2%

0.1%

Other Services

-300

-0.3%

0.2%

Government

-600

-0.6%

0.0 %



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