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State Sheds 4,200 Jobs in April

Unemployment rate drops to 4.7 percent

May 15, 2014

Madeline Koch, 651-259-7236
Madeline.Koch@state.mn.us


ST. PAUL –
Minnesota employers shed 4,200 jobs in April, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).  March figures were revised downward from 2,600 jobs gained to 700 jobs gained.

The unemployment rate fell to a seasonally adjusted 4.7 percent in April. The state has added nearly 42,000 jobs in the past year, a growth rate of 1.5 percent, compared with a U.S. growth rate of 1.7 percent during that period.

“While hiring slowed in April, the overall trend remains positive, with all but one of the state’s industrial sectors adding jobs over the past year,” said DEED Commissioner Katie Clark Sieben.

Manufacturers added 2,400 jobs in April, reaching a post-recession high of 315,000 jobs. Other sectors that added jobs in April were government (up 1,500) and information (up 200). Trade, transportation and utilities held steady.

The following industries lost jobs: construction (down 2,200), professional and business services (down 2,200), leisure and hospitality (down 1,700), financial activities (down 800), education and health services (down 700), other services (down 600), and logging and mining (down 100).

Over the past year, sectors that gained jobs were education and health services (up 9,244), manufacturing (up 7,748), construction (up 7,158), trade, transportation and utilities (up 5,873), professional and business services (up 5,256), leisure and hospitality (up 4, 396), government (up 1,764), other services (up 1,161), information (up 427), and logging and mining (up 232).

Financial activities (down 1,325) is the only sector that lost jobs in the past year.

In the Metropolitan Statistical Areas, the following regions gained jobs in the past 12 months: Mankato MSA (up 3.1 percent), St. Cloud MSA (up 2.9 percent), Minneapolis-St. Paul MSA (up 1.6 percent), Duluth-Superior MSA (up 0.5 percent) and the Rochester MSA (up 0.3 percent).

DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and our services, visit us at
http://mn.gov/deed/ . Follow us on Twitter at twitter.com/mndeed .

 



Seasonally adjusted

 

Not seasonally adjusted

 

Unemployment Rate

April  
2014

March 
2014

April
2014

April 
2013

Minnesota  

4.7

4.8

4.5

5.2

U.S.  

6.3

6.7

5.9

7.1

Employment

April
2014

March 
2014

April ‘13-
April ‘14
Level Change

April ‘13-
April ‘14
% Change

Minnesota  

2,807,800

2,812,000

41,934

1.5

U.S.

138,252,000

137,964,000

2,377,000

1.7

 

 

 

 

Over The Year Employment Growth By Industry Sector (NSA)

 

OTY Job Change

OTY Growth Rate (%)

U.S. OTY             Growth Rate (%)

Total Non-Farm Employment

41,934

1.5

1.7

Logging and Mining

232

3.5

5.7

Construction

7,158

8.0

3.5

Manufacturing

7,748

2.5

0.9

Trade, Trans. and Utilities

5,873

1.2

2.1

Information

427

0.8

-1.3

Financial Activities

-1,325

-0.7

0.1

Prof. and Bus. Services

5,256

1.5

3.6

Ed. and Health Services

9,244

1.9

1.6

Leisure and Hospitality

4,396

1.8

2.8

Other Services

1,161

1.0

1.0

Government

1,764

0.4

0.0

 

 

 

Metropolitan Statistical Area

OTY
Employment Change
(#, NSA)

OTY Employment Change
(%, NSA)

Minneapolis-St. Paul MN-WI MSA

28,735

1.6

Duluth-Superior MN -WI MSA

706

0.5

Rochester MSA

288

0.3

St. Cloud MSA

2,906

2.9

Mankato MSA

1,671

3.1

 

 

-30-

 

 

Upon request, this information can be made available in alternate formats for people with disabilities by contacting the DEED Communications Office at 651-259-7161.