State and National Employment and Unemployment

Unemployment

Minnesota’s unemployment rate remained steady at 3.3% in December on a seasonally adjusted basis as did the labor force participation rate at 70.3%. The employment-to-population ratio ticked down one-tenth of one percentage point to 68.0%.

U.S. unemployment also held steady at 3.5% on a seasonally adjusted basis in December.

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Annual Employment

Minnesota added 3,978 jobs over the year in December, up 0.1 percent. The private sector gained 1,897 jobs over the year, also up 0.1 percent.

U.S. employment grew 1.4 percent with private employment up 1.6 percent over the year in December.

Five supersectors in Minnesota gained jobs over the year in December with Leisure & Hospitality continuing to outpace all other supersectors with the addition of 14,579 jobs. Other supersectors adding jobs included Other Services, up 2,897, Trade, Transportation & Utilities, up 2,752, Financial Activities, up 2,384 and Government, up 2,081 jobs over the year.

Six supersectors now show over the year job loss with Information down 4,816, Construction down 4,675, Education & Health Services down 4,671, Manufacturing down 3,919, Professional & Business Services down 2,485 and Logging & Mining down 149 jobs.

Despite slowing growth Minnesota outpaced the nation in three of the eleven supersectors in December: Trade, Transportation & Utilities, Leisure & Hospitality and Other Services.

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Monthly Employment

Minnesota added 200 jobs in December on a seasonally adjusted basis. Private sector employers lost 100 jobs while Government gained 300 jobs over the month.

U.S. payroll employment increased 0.1 percent in December on a seasonally adjusted basis.

In Minnesota, seven supersectors lost jobs with the biggest losses in Education & Health Services and Manufacturing. Four supersectors gained jobs in December with the largest gains in Trade, Transportation & Utilities, Other Services and Leisure & Hospitality.

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