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 4.0 percent in July. This is the third consecutive month of small increases.

The labor force participation rate declined for the second consecutive month, down three-tenths of a percentage point to 70.3 percent.

The national unemployment rate held steady at 5.3 percent in July.

Unemployment Rates

July
2015

June
2015

July
2014

Minnesota

Seasonally Adjusted

4.0%

3.8%

3.8%

Not Seasonally Adjusted

3.8%

3.9%

4.0%

United States

Seasonally Adjusted

5.3%

5.3%

6.2%

Not Seasonally Adjusted

5.6%

5.5%

6.5%


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Annual Employment

Minnesota added 43,719 jobs in July over the year. The over-the-year growth rate held steady at 1.5 percent. Minnesota’s private sector added 43,668 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 Leisure & Hospitality, up 3.1 percent, followed by Education & Health Services, up 2.9 percent, and Professional & Business Services, up 2.8 percent over the year.

Three sectors are down over the year; Logging & Mining, down 11.8 percent, and Information and Other Services, both down 0.9 percent over the year.  

Graph: Nonfarm Employment Growth


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Monthly Employment

Minnesota lost 3,900 jobs in July on a seasonally adjusted basis. Private sector employers lost 6,600 jobs while Government gained 2,700 jobs over the month.

Five sectors gained jobs with the largest increases in Government and Professional & Business Services, which was up 1,400 over the month.

Six sectors lost jobs over the month with the largest loss in Leisure & Hospitality, down 3,700, followed by Construction, down 2,000, and Trade, Transportation & Utilities, down 1,700 over the month.

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

Minnesota Nonfarm Employment

July - Seasonally Adjusted

Minnesota

U.S.

Number of Jobs
Gained or Lost

Percent
Change

Percent
Change

Total Nonfarm Employment

-3,900

0.1%

0.2%

Total Private

-6,600

0.3%

0.2%

Mining and Logging

300

4.8%

-0.5%

Construction

-2,000

-1.8%

0.1%

Manufacturing

-300

-0.1%

0.1%

Trade, Transportation, and Utilities

-1,700

-0.3%

0.2%

Information

200

0.4%

0.1%

Financial Activities

500

0.3%

0.2%

Professional and Business Services

1,400

0.4%

0.2%

Educational and Health Services

-1,200

-0.2%

0.2%

Leisure & Hospitality

-3,700

-1.4%

0.2%

Other Services

-100

-0.1%

0.1%

Government

2,700

0.6%

0.0 %



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