Minnesota’s unemployment rate edged up another one tenth of one percentage point in April to 3.3 percent on a seasonally adjusted basis. This is the fourth consecutive monthly increase bringing the number of unemployed over 100,000 for the first time since August 2017.
The increase in unemployment came as the labor force participation rate held steady at 69.7 percent and the employment to population ratio fell a tenth point to 67.5 percent.
U.S. unemployment dropped two-tenths of a point to 3.6 percent on a seasonally adjusted basis in April.
Minnesota added 14,434 jobs over the year in April, up 0.5 percent. The private sector gained 13,725 jobs over the year, up 0.6 percent.
U.S. employment rose 1.8 percent overall and 1.9 percent for private sector payroll jobs over the same period.
Three of the eleven sectors shed jobs over the year, with Education & Health Services down 2,651 or 0.5 percent, Information down 1,702 or 3.5 percent, and Trade, Transportation & Utilities down 1,520 or 0.3 percent.
Construction remained the strongest sector, up 11,511 or 10.5 percent over the year in April. Other sectors with strong growth over the year were Leisure & Hospitality, up 5,157 jobs or 2.0 percent, Financial Activities, up 1,441 jobs or 0.8 percent, Other Services, up 970 jobs or 0.9 percent and Logging & Mining, which only added 303 jobs but this addition brought over-the-year growth up to 4.9 percent in this small sector.
The Construction and Logging & Mining sectors both outperformed their U.S. counterparts in April in terms of over-the-year job growth.
Minnesota gained 3,600 payroll jobs over the month in April on a seasonally adjusted basis. Private sector employers added 2,900 jobs while Government added 700 jobs over the month. U.S. payroll employment rose 0.2 percent in April on a seasonally adjusted basis.
Six sectors gained jobs on a seasonally adjusted basis in April. Manufacturing added 1,600 after three consecutive months of declines, Trade, Transportation & Utilities added 1,500 and Education & Health Services added 1,100 jobs over the month after five straight months of declines.
Four sectors lost jobs with the largest decline in Leisure & Hospitality, down 1,700 jobs over the month with all of the loss in the Art, Entertainment and Recreation portion of the sector.