State and National Employment and Unemployment

Unemployment

The unemployment rate increased to 4.0% in Minnesota in November, on a seasonally adjusted basis.

The number of unemployed workers increased to 125,777 and the number of employed increased to 3,042,160 workers. The state's labor force grew to 3,167,937 workers, and the labor force participation rate increased to 68.2%.

In comparison, the U.S. unemployment rate rose to 4.6% in November, on a seasonally adjusted basis. The labor force participation rate increased to 62.5%.

No Unemployment data was reported for October due to the recent Government shutdown.

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Monthly Employment

Minnesota’s monthly job growth was positive in November as the state added 4,100 jobs (0.1%).

Six of eleven published supersectors posted positive growth. Mining and Logging added 100 jobs, Manufacturing added 600 jobs, Trade, Transportation and Utilities added 2,200 jobs, Education and Health Services added 1,200 jobs, and Other Services added 500 jobs.

Five supersectors posted decreases. Information lost 200, Financial Activities lost 1,200 jobs, Professional and Business Services lost 1,500 jobs, Leisure and Hospitality lost 500 jobs, and Government lost 300 jobs.

U.S. total payroll employment was up slightly in November, adding 64,000 jobs or 0.0%. Private sector employers added 69,000 jobs (0.1%) on a seasonally adjusted basis. Minnesota outperformed the nation in six supersectors, and in total employment.

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Annual Employment

Minnesota over-the-year (OTY) payroll employment growth stood at 40,741 net new jobs, or 1.3%, slightly higher than October’s 1.2%. The private sector added 40,503 jobs OTY, or 1.6% in November, which was higher than October’s 1.5% growth rate.

U.S. total nonfarm OTY job growth stood at 0.5% in November, lower than October’s 0.7%. Private sector employment growth was at 0.7%, lower than October’s 0.9%.

Seven of eleven published supersectors in Minnesota added jobs over the year. Mining and Logging added 62 jobs (0.9%); Construction added 11,654 jobs (8.3%); Manufacturing added 2,115 jobs (0.7%); Trade, Transportation and Utilities added 37,311 jobs (1.3%); Education and Health Services added 24,687 jobs (4.1%); Leisure and Hospitality added 1,809 jobs (0.7%); and Government added 238 jobs (0.1%).

Over the year, Information lost 2,213 jobs (5.1%), Financial Activities lost 3,740 jobs (2%), Professional and Business Services lost 397 jobs (0.1%), and Other Services lost 785 jobs (0.7%).

Seven supersectors showed strength over the year in Minnesota compared to the nation, as did Total Nonfarm, which was up 1.3%, versus 0.5% nationally. Mining and Logging was up 0.9% (versus -2.6% nationally); Construction was up 8.3% (versus 0.6%); Manufacturing was up 0.7% (versus -0.6%); Trade, Transportation and Utilities was up 1.3% (versus 0.0%); Professional and Business Services was down 0.1% (versus -0.3%); Education and Health Services was up 4.1% (versus 2.8%) and Government was up 0.1% (versus -0.7%).

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