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Unemployment
Minnesota’s unemployment rate remained at 3.8 percent in April while the labor force participation rate climbed two-tenths of one percentage point to 69.7, its highest reading in over three years. The share of the working age population that is employed also rose two-tenths to 67.1 percent, its highest reading since February 2009.
The national unemployment rate dropped one-tenth of one percentage point to 4.4 percent in April.
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Unemployment Rates
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|
April
2017
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March
2017
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April
2016
|
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Minnesota
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Seasonally Adjusted
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3.8%
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3.8%
|
3.8%
|
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Not Seasonally Adjusted
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3.7%
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4.4%
|
3.7%
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United States
|
|
Seasonally Adjusted
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4.4%
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4.5%
|
4.7%
|
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Not Seasonally Adjusted
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4.1%
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4.6%
|
4.7%
|
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Annual Employment
Annual job gains in Minnesota totaled 34,715 in April, over the year, for an annual growth rate of 1.2 percent. Minnesota’s private sector added 32,030 jobs over the year, up 1.3 percent.
U.S. job growth stood at 1.4 percent and 1.6 percent for the private sector over the year in April. Minnesota’s growth slipped behind U.S. growth in April after topping U.S. growth in March.
All sectors grew over the year with the exception of Leisure & Hospitality, down 2,437 jobs or 0.9 percent. Mining and Logging recorded the strongest growth over the year at 13.7 percent adding 787 jobs. Education & Health Services is up by the largest number of jobs, at 18,929.
Five Minnesota industry sectors led their national counterparts in growth over the year while six lagged behind. The five faster growing industry sectors were Mining and Logging, Construction, Information, Educational and Health Services, and Other Services.
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Monthly Employment
Minnesota gained 15,100 jobs over the month in April on a seasonally adjusted basis, up 0.5 percent, with 12,100 in the private sector and 3,000 in Government. Private sector growth was also 0.5 percent.
Eight of the 11 major sectors recorded job gains, while three shed jobs.
Educational and Health Services led the gains with a 4,300 job surge, followed by a robust 3,600 job jump in Construction. Government jobs climbed 3,000 and Professional and Business Services added 2,700.
Over the month losses occurred in Trade, Transportation & Utilities, Financial Activities, and Mining and Logging.
U.S. employment growth in April was 0.1 percent with the U.S. private sector growing 0.2 percent.
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Minnesota Nonfarm Employment
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March - Seasonally Adjusted
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Minnesota
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U.S.
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Number of Jobs
Gained or Lost
|
Percent
Change
|
Percent
Change
|
|
Total Nonfarm Employment
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15,100
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0.5%
|
0.1%
|
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Total Private
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12,100
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0.5%
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0.2%
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Mining & Logging
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-100
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-1.41%
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1.4%
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Construction
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3,600
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3.0%
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0.1%
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Manufacturing
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1,100
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0.3%
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0.0%
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Trade, Transportation, & Utilities
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-700
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-0.1%
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0.1%
|
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Information
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200
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0.4%
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-0.3%
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Financial Activities
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-500
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-0.3%
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0.2%
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Professional & Business Services
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2,700
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0.7%
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0.2%
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Educational & Health Services
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4,300
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0.8%
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0.2%
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Leisure & Hospitality
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500
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0.2%
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0.3%
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Other Services
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1,000
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0.9%
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0.1%
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Government
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3,000
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0.7%
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0.1%
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