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Unemployment Rate Drops to 3.1 Percent in November

Employers eliminate 4,000 jobs

12/21/2017 11:01:24 AM

Shane Delaney, 651-259-7236
Shane.M.Delaney@state.mn.us

ST. PAUL
– Minnesota’s overall unemployment rate fell to 3.1 percent in November, the lowest level since July 2000, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED). The U.S. unemployment rate was 4.1 percent in November.

State employers eliminated 4,000 jobs in November on a seasonally adjusted basis, while October’s figures were revised from 4,500 jobs lost to 2,400 jobs lost. The state has added 34,566 jobs over the past year, an increase of 1.2 percent. U.S. jobs grew 1.4 percent in the past 12 months.

“The overall number of unemployed Minnesotans fell below 100,000 last month for the first time since March 2001.” said DEED Commissioner Shawntera Hardy. “While the state lost jobs in November, Minnesotans are continuing to find work in an improving economy.”

Trade, transportation and utilities led all sectors in November with 2,300 new jobs. Other industries adding jobs were construction (up 1,800), professional and business services (up 1,800), financial activities (up 500), education and health services (up 500) and logging and mining (up 100).

The following sectors lost jobs: leisure and hospitality (down 7,500), other services (down 1,500), manufacturing (down 700), information (down 700) and government (down 600).

Over the past year, eight of 11 sectors have added jobs. Education and health services (up 11,435) was followed by trade, transportation and utilities (up 7,002), professional and business services (up 5,993), construction (up 5,384), other services (up 4,466), manufacturing (up 3,056), logging and mining (up 684) and government (up 578).

The following industries lost jobs in the past year: leisure and hospitality (down 2,270), information (down 1,027) and financial activities (down 735).

In the Metropolitan Statistical Areas, all regions gained jobs in the past 12 months: Minneapolis-St. Paul MSA (up 2.1 percent), Duluth-Superior MSA (up 1.5 percent), Rochester MSA (up 0.3 percent), St. Cloud MSA (up 1.7 percent) and Mankato MSA (up 1.9 percent).

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.

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 its services, visit the DEED website or follow DEED on Twitter.



Seasonally adjusted

Not seasonally adjusted

Unemployment Rate

November
2017

October
2017

November
2017

November
2016

Minnesota

3.1

3.4

2.6

3.4

U.S.

4.1

4.1

3.9

4.4

Employment

November
2017

October
2017

Nov. ‘16-
Nov. ‘17
Level Change

Nov. ‘16-
Nov. ‘17
% Change

Minnesota

2,949,100

2,953,100

34,566

1.2

U.S.

147,241,000

147,013,000

211,400

1.4

Over The Year Employment Growth By Industry Sector (NSA)


OTY Job Change

OTY
Growth Rate (%)

U.S. OTY
Growth Rate (%)

Total Non-Farm Employment

34,566

1.2

1.4

Logging and Mining

684

10.4

9.2

Construction

5,384

4.5

2.8

Manufacturing

3,056

1.0

1.5

Trade, Trans. and Utilities

7,002

1.3

0.7

Information

-1,027

-2.0

-2.2

Financial Activities

-735

-0.4

1.8

Prof. and Bus. Services

5,993

1.6

2.7

Ed. and Health Services

11,435

2.1

2.0

Leisure and Hospitality

-2,270

-0.9

1.8

Other Services

4,466

3.8

1.5

Government

578

0.1

0.1

Metropolitan Statistical Area

OTY
Employment Change
(#, NSA)

OTY Employment Change
(%, NSA)

Minneapolis-St. Paul MN-WI MSA

41,807

2.1

Duluth-Superior MN -WI MSA

2,064

1.5

Rochester MSA

311

0.3

St. Cloud MSA

1,841

1.7

Mankato MSA

1,085

1.9


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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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