The total number of initial Unemployment Insurance claims dropped by 2,971 in July, as the month saw a total of 13,897 new claims. Manufacturing maintained the highest number of initial claims, as it has since May, and did in July of the last three years. New claims are also down over-the-year, as they have been since the end of 2014, with 9.3 percent fewer initial claims than in July of 2014, and a full 25 percent fewer than in 2013. The 9.3 percent drop is the largest in three months, and may suggest the end of a short stretch of flattening declines. The biggest regional over-the-year change came in Southwest Minnesota, which had 57.5 percent drop in initial claims from July 2014. The Seven-County Twin Cities metro area moved in the other direction with 8,185 claims, a one percent increase over 2014.
Seasonally Adjusted Data (Excel)