Unemployment Insurance Claims

Initial unemployment insurance claims were down sharply in August with a total of 11,873 on the month, compared to 15,328 claims in July. The Manufacturing industry saw the biggest numerical monthly drop, with 889 fewer claims in August. Initial claims were also down on the year, with 16.9 percent fewer this month than in August of 2013. Every major industry group saw an annual decline. Claims were also down among people of every recorded age group, education level, race and ethnicity, suggesting a broad-based recovery in the state’s labor market over the past twelve months. Geographically, the only Economic Development Region to show an increase in claims was the Headwaters region, though the 8.5 percent increase there still brought them to only 191 total initial claims, which were up from 176 in August of 2013.

Graph: Minnesota UI Change in Initial Claims

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Seasonally Adjusted Data (Excel)