State and National Employment and Unemployment

Unemployment

The unemployment rate increased to 3.6% in Minnesota in August, on a seasonally adjusted basis.

The state's labor force grew to 3,156,875 workers, and the labor force participation rate held at 68.1%. The number of unemployed workers increased to 113,563 people and the number of employed decreased to 3,043,312 workers. 

The U.S. unemployment rate rose to 4.3% in August, on a seasonally adjusted basis. The labor force participation rate increased to 62.3%.

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Monthly Employment

Minnesota’s monthly job growth was positive in August as the state added 5,900 jobs (0.2%).

Six of eleven published supersectors posted positive growth. Construction added 1,900 jobs, Financial Activities added 1,100 jobs, Professional and Business Services added 1,700 jobs, Educational and Health Services added 4,300 jobs, Leisure and Hospitality added 1,000 jobs, and Other Services added 100 jobs.

Four supersectors posted decreases. Manufacturing lost 900 jobs; Trade, Transportation and Utilities lost 700 jobs; Information lost 200 jobs and Government lost 2,400 jobs.

Mining and Logging employment was flat.

U.S. total payroll employment was mostly flat in August, adding 22,000 jobs, or 0.0%. Private sector employers added 38,000 jobs (0.0%) on a seasonally adjusted basis. Minnesota outperformed the nation in six supersectors, and in total employment.

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Annual Employment

Minnesota over the year (OTY) payroll employment growth stood at 39,255 or 1.3%, the same rate as in July. The private sector added 37,692 jobs, or 1.4% in August, which was higher than July’s 1.2%. U.S. total nonfarm over-the-year job growth stood at 0.8% in August, lower than July’s 0.9%. Private sector employment growth was at 0.9%, the same level as in July.

Seven of eleven published supersectors in Minnesota added jobs over the year. Construction added 7,214 jobs (4.7%); Manufacturing added 1,790 jobs (0.6%); Trade, Transportation and Utilities added 2,435 job (0.5%); Professional and Business Services added 651 jobs (0.2%); Education and Health Services added 30,140 jobs (5.2%); Leisure and Hospitality added 1,216 jobs (0.4%); and Government added 1,563 jobs (0.4%). Mining and Logging lost 112 jobs (1.7%), Information lost 1,461 jobs (3.3%), Financial Activities lost 2,411 jobs (1.3%) and Other Services lost 1,770 jobs (1.5%). Five supersectors showed strength over the year in Minnesota compared to the nation, as did Total Nonfarm, which was up 1.3% (versus 0.8% nationally). Mining and Logging was down 1.7% (versus 2.2% nationally), Construction was up 4.7% (versus 0.6%), Manufacturing was up 0.6% (versus -0.7%), Professional and Business Services was up 0.2% (versus -0.3%) and Education and Health Services was up 5.2% (versus 3.2%).

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