Minnesota’s unemployment rate ticked up one-tenth of one percentage point to 3.3 percent in November on a seasonally adjusted basis. Both the labor force participation rate and the employment-to-population ratio remained unchanged at 70.3 percent and 68.0 percent respectively.
U.S. unemployment ticked down to 3.5 percent on a seasonally adjusted basis in November.
Minnesota added 5,911 jobs over the year in November, up 0.2 percent. The private sector gained 4,451 jobs over the year, also up 0.2 percent.
U.S. employment overall and in the private sector grew 1.6 percent over the same period.
Six supersectors in Minnesota gained jobs over the year in November. Leisure & Hospitality outpaced all other supersectors in both growth rate, now at 6.2 percent, and jobs added, at 16,113. Other supersectors adding jobs over the year included Financial Activities, up 2,518 or 1.4 percent, Trade, Transportation & Utilities, up 2,326 jobs or 0.4 percent, Other Services, up 1,569 or 1.4 percent, Government, up 1,460 or 0.3 percent and Mining & Logging, up 50 jobs or 0.8 percent.
Five supersectors now show over the year job loss with Education & Health Services down 5,631 jobs or 1 percent, Professional & Business Services down 4,378 or 1.1 percent, Information down 3,830 or 7.8 percent, Construction down 2,296 or 1.8 percent and Manufacturing down 1,990 or 0.6 percent.
Minnesota outpaced the nation in five of the eleven supersectors in November. These include Logging & Mining, Trade, Transportation & Utilities, Financial Activities, Leisure & Hospitality and Other Services.
Minnesota lost 3,000 payroll jobs over the month in November on a seasonally adjusted basis. Private sector employers lost 3,100 jobs while Government gained 100.
U.S. payroll employment increased 0.2 percent in November on a seasonally adjusted basis.
In Minnesota, six supersectors gained jobs and five shed jobs. The largest gain was in Leisure & Hospitality, up 3,800 jobs followed by Other Services up 900, Professional & Business Services up 800, and Financial Activities, Trade, Transportation & Utilities up 300 each and Government up 100 jobs.
Supersectors losing jobs over the month were Construction, down 4,900, Manufacturing, down 2,600, Education & Health Services down 1,500 and Information and Mining & Logging down 100 jobs each.