State and National Employment and Unemployment

Unemployment

The unemployment rate held at 3.3% in Minnesota in June, on a seasonally adjusted basis.

In Minnesota, the number of unemployed increased to 105,515 and the number of employed decreased to 3,051,986. The total labor force grew to 3,157,501 workers, and the labor force participation rate held at 68.2%.

The U.S. unemployment rate dropped to 4.1% in June, on a seasonally adjusted basis. The national labor force participation rate decreased to 62.3%.

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Monthly Employment

Minnesota’s monthly job growth was mostly flat in June as the state lost 800 jobs, or 0.0%.

Five of eleven published supersectors posted positive growth. Construction added 2,200 jobs; Trade, Transportation and Utilities added 1,700 jobs; Information added 200 jobs; Professional and Business Services added 200 jobs and Government added 1,500 jobs.

Five supersectors posted decreases. Manufacturing lost 1,700 jobs, Financial Activities lost 100 jobs, Education and Health Services lost 2,700 jobs, Leisure and Hospitality lost 1,300 jobs, and Other Services lost 800 jobs. Mining and Logging employment was flat.

U.S. total payroll employment was positive in June, adding 147,000 jobs, or 0.1%. Private sector employers added 74,000 jobs (0.1%) on a seasonally adjusted basis. Minnesota outperformed the nation in six supersectors.

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Annual Employment

Minnesota over the year (OTY) payroll employment growth stood at 48,538 or 1.6%, higher than May’s 1.3% growth. The private sector added 34,858 jobs, or 1.3% in June, which was higher than May’s 1.2%.

U.S. total nonfarm over-the-year job growth stood at 1.1% in June, the same level as in May. Private sector employment growth was at 1.0%, lower than May’s 1.1%.

Six of eleven published supersectors in Minnesota added jobs over the year. Construction added 4,099 jobs (2.7%); Manufacturing added 344 jobs (0.1%); Trade, Transportation and Utilities added 4,648 job (0.9%); Professional and Business Services added 3,201 jobs (0.9%); Education and Health Services added 26,961 jobs (4.6%) and Government added 13,680 jobs (3.2%).

Five supersectors shed jobs over the year. Mining and Logging lost 106 jobs (1.6%), Information lost 556 jobs (1.3%), Financial Activities lost 2,933 jobs (1.5%), Leisure and Hospitality lost 336 jobs (0.1%) and Other Services lost 464 jobs (0.4%).

Six supersectors showed strength over the year in Minnesota compared to the nation, as did Total Nonfarm, which was up 1.6% versus 1.1% nationally. Construction was up 2.7% (versus 1.4%); Manufacturing was up 0.1% (versus -0.7%); Trade, Transportation and Utilities was up 0.9% (versus 0.6%); Professional and Business Services was up 0.9% (versus -0.1%); Education and Health Services was up 4.6% (versus 3.3%) and Government was up 3.2% (versus 1.5%).

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