State and National Employment and Unemployment

Unemployment

The unemployment rate increased to 3.7% in Minnesota in September, on a seasonally adjusted basis.

The number of unemployed increased to 117,394 workers and the number of employed decreased to 3,042,086 workers. The labor force grew to 3,159,480 workers, and the labor force participation rate held at 68.1%.

The U.S. unemployment rate rose to 4.4% in September, on a seasonally adjusted basis. The national labor force participation rate increased to 62.4%.

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Monthly Employment

Minnesota’s monthly job growth was positive in September as the state added 6,100 jobs (0.2%).

Seven of eleven published supersectors posted positive growth. Mining and Logging added 100 jobs, Manufacturing added 2,100 jobs, Financial Activities added 100 jobs, Educational and Health Services added 500 jobs, Leisure and Hospitality added 4,200 jobs, Other Services added 600 jobs and Government added 600 jobs.

Four supersectors posted decreases. Construction lost 1,100 jobs; Trade, Transportation and Utilities lost 100 jobs; Information lost 400 jobs and Professional and Business Services lost 600 jobs.

U.S. total payroll employment was up in September, adding 119,000 jobs or 0.1%. Private sector employers added 97,000 jobs (0.1%) on a seasonally adjusted basis. Minnesota outperformed the nation in four supersectors, and in total employment.

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Annual Employment

Minnesota over the year (OTY) payroll employment growth stood at 41,327 or 1.4%, slightly higher than August’s 1.3%. The private sector added 39,643 jobs, or 1.5% in September, which was higher than August’s 1.4%.

U.S. total nonfarm over-the-year job growth stood at 0.8% in September, lower than August’s 0.9%. Private sector employment growth was at 0.8%, lower than August’s 0.9%.

Seven of eleven published supersectors in Minnesota added jobs over the year. Construction added 6,572 jobs (4.4%); Manufacturing added 3,865 jobs (1.2%); Trade, Transportation and Utilities added 3,111 jobs (0.6%); Professional and Business Services added 1,250 jobs (0.3%); Education and Health Services added 26,634 jobs (34.5%); Leisure and Hospitality added 3,499 jobs (1.3%); and Government added 1,684 jobs (0.4%).

Mining and Logging lost 52 jobs (0.8%), Information lost 1,853 jobs (4.3%), Financial Activities lost 3,178 jobs (1.7%) and Other Services lost 205 jobs (0.2%).

Six supersectors showed strength over the year in Minnesota compared to the nation, as did Total Nonfarm, which was up 1.4% (versus 0.8% nationally). Mining and Logging was down 0.8% (versus 2.2% nationally); Construction was up 4.4% (versus 0.4%); Manufacturing was up 1.2% (versus -0.7%); Trade, Transportation and Utilities was up 0.6% (versus 0.3%); Professional and Business Services was up 0.3% (versus -0.4%) and Education and Health Services was up 4.5% (versus 3%).

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