Unemployment Insurance Claims
The total number of initial Unemployment Insurance Claims increased by 15,714 in November to 31,029, following the usual seasonal trend of increase claims in fall (Construction, a highly seasonal industry, accounted for more than half of that increase, 8,828). On an over-the-year basis, which is the more telling measure, initial claims dropped by 0.5 percent, from 31,194 to 31,029. Construction claims, which accounted for a large plurality (41 percent) of total claims, were up by 2.6 percent on the year (12,691). That increase was countered by claims decreases in a number of other industries, including Manufacturing (down by 8.5 percent to 3,395), Retail Trade (down 4.9 percent to 1,215) and Administrative and Support and Waste Management and Remediation Services (down 3.5 percent to 2,884).
Broken out by sex, we continue to see the effects of winter on Minnesota’s labor market, as men accounted for 24,809 of November’s claims while women accounted for only 5,813 (407 claims were filed by those with unspecified sex). Initial claims for men increased 1.6 percent over November 2015, while claims for women decreased by 7.7 percent.
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Seasonally Adjusted Data (Excel)