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State Gains 9,100 Jobs in December

1/21/2016 10:14:43 AM

Unemployment rate at 3.5 percent

January 21, 2016

Madeline Koch, 651-259-7236
Madeline.Koch@state.mn.us

ST. PAUL -
Minnesota employers added 9,100 jobs in December, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED).

Those figures, combined with November figures that were revised upward by 2,000 jobs, brought job gains for the calendar year in Minnesota to 42,485. Jobs grew 1.5 percent in the state in 2015, compared with a U.S. growth rate of 1.9 percent for the year.

The state unemployment rate fell to a seasonally adjusted 3.5 percent in December from a revised rate of 3.6 percent in November. The U.S. unemployment rate in December was 5 percent.

"The state labor market finished the year with a strong surge, adding 18,300 jobs in the final two months," said DEED Commissioner Katie Clark Sieben. "Nearly all signs point to continued growth in Minnesota in 2016."

Eight of the state's 11 major industrial sectors added jobs last month, led by government with 4,300 new jobs. Other gains were posted by leisure and hospitality (up 2,800), education and health services (up 2,100), financial activities (up 2,000), manufacturing (up 1,600), construction (up 1,300), other services (up 500) and information (up 200).

Sectors that lost jobs were professional and business services (down 3,200), trade, transportation and utilities (down 2,000), and logging and mining (down 500).

Over the past year, the following sectors gained jobs: education and health services (up 12,680), leisure and hospitality (up 11,348), professional and business services (up 10,468), financial activities (up 4,390), government (up 3,171), construction (up 2,490), trade, transportation and utilities (up 887) and manufacturing (up 64).

Three sectors lost jobs in 2015: logging and mining (down 1,380), information (down 1,103) and other services (down 530).

In the Metropolitan Statistical Areas, the following regions gained jobs in the past 12 months: Minneapolis-St. Paul MSA (up 1.8 percent), Duluth-Superior MSA (up 0.5 percent) and Mankato MSA (up 0.1 percent). The Rochester MSA (down 0.3 percent) and St. Cloud MSA (down 0.1 percent) lost jobs.

DEED has added a section to its website that examines the unemployment rate by demographics (race, age and gender) and looks at alternative measures of unemployment. Goherefor details.

DEED is the state's principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and our services, visit us at the DEED website (http://mn.gov/deed) or go to our Twitter account (http://twitter.com/mndeed).





Seasonally adjusted

 

Not seasonally adjusted

 

Unemployment Rate

December
2015

November
2015

December
2015

December
2014

Minnesota

3.5

3.6

 

 

U.S.

5.0

5.0

 

 

Employment

November
2015

October
2015

Nov. '14-
Nov. '15
Level Change

Nov. '14-
Nov. '15
% Change

Minnesota

 

 

42,485

1.5

U.S.

 

 

 

1.9

Over The Year Employment Growth By Industry Sector (NSA)

OTY Job Change

OTY Growth Rate (%)

U.S. OTY Growth Rate (%)

Total Non-Farm Employment

42,485

1.5

1.9

Logging and Mining

-1,380

-19.9

-14.4

Construction

2,490

2.5

4.4

Manufacturing

64

0.0

0.3

Trade, Trans. and Utilities

887

0.2

1.7

Information

-1,103

-2.1

1.9

Financial Activities

4,390

2.5

1.8

Prof. and Bus. Services

10,468

2.9

3.1

Ed. and Health Services

12,680

2.5

3.0

Leisure and Hospitality

11,348

4.6

2.9

Other Services

-530

-0.5

1.3

Government

3,171

0.7

0.5



Metropolitan Statistical Area

OTY
Employment Change
(#, NSA)

OTY Employment Change
(%, NSA)

Minneapolis-St. Paul MN-WI MSA

34,256

1.8

Duluth-Superior MN -WI MSA

687

0.5

Rochester MSA

-318

-0.3

St. Cloud MSA

-146

-0.1

Mankato MSA

76

0.1

 

-30-

Upon request, this information can be made available in alternate formats for people with disabilities by contacting the DEED Communications Office at 651-259-7161.

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