Statewide unemployment rate at 3.1 percent, lowest level in more than 17 years
1/18/2018 3:37:56 PM
“Minnesota’s economy had a strong year, with nine of 11 major industrial sectors adding jobs in 2017 and unemployment at a 17-year low,” said DEED Commissioner Shawntera Hardy. “As we enter 2018, we continue to make progress on ending Minnesota’s economic disparities, and all economic indicators point to continued growth in the state’s labor market. Still, we have more work to do to connect all Minnesotans, specifically people of color, indigenous communities and people with disabilities, to employment and training opportunities to ensure that they succeed in today’s economy.”
Construction led all sectors last month with 5,700 new jobs. Other industries adding jobs were education and health services (up 2,500), trade, transportation and utilities (up 1,800), leisure and hospitality (up 1,800), government (up 200), logging and mining (up 100) and information (up 100).
The following sectors lost jobs: professional and business services (down 1,400), other services (down 1,100), manufacturing (down 600) and financial activities (down 200).
Education and health services led all sectors last year with 12,626 new jobs, followed by construction (up 9,394), trade, transportation and utilities (up 7,027), professional and business services (up 4,424), manufacturing (up 3,889), other services (up 3,452), government (up 2,120), leisure and hospitality (up 2,095) and logging and mining (up 677).
Financial activities (down 808) and information (down 696) were the only two state industries that lost jobs in 2017.
In the Metropolitan Statistical Areas, all regions gained jobs in the past 12 months: Minneapolis-St. Paul MSA (up 2.4 percent), Duluth-Superior MSA (up 2.1 percent), Rochester MSA (up 0.1 percent), St. Cloud MSA (up 1.2 percent) and Mankato MSA (up 1.7 percent).
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 |
December
|
November
|
December
|
December
|
Minnesota |
3.1 |
3.2 |
3.3 |
4.1 |
U.S. |
4.1 |
4.1 |
3.9 |
4.5 |
Employment |
December
|
November
|
Dec. ‘16-
|
Dec. ‘16-
|
Minnesota |
2,958,700 |
2,949,800 |
44,200 |
1.5 |
U.S. |
147,380,000 |
147,232,000 |
2,188,000 |
1.5 |
Over The Year Employment Growth By Industry Sector (NSA) |
|||
OTY Job Change |
OTY
|
U.S. OTY
|
|
Total Non-Farm Employment |
44,200 |
1.5 |
1.5 |
Logging and Mining |
677 |
10.8 |
9.1 |
Construction |
9,394 |
8.6 |
3.8 |
Manufacturing |
3,889 |
1.2 |
1.6 |
Trade, Trans. and Utilities |
7,027 |
1.3 |
0.5 |
Information |
-696 |
-1.4 |
-1.6 |
Financial Activities |
-808 |
-0.5 |
1.6 |
Prof. and Bus. Services |
4,424 |
1.2 |
2.5 |
Ed. and Health Services |
12,626 |
2.4 |
2.0 |
Leisure and Hospitality |
2,095 |
0.8 |
2.0 |
Other Services |
3,452 |
3.0 |
2.0 |
Government |
2,120 |
0.5 |
0.2 |
Metropolitan Statistical Area |
OTY
|
OTY Employment Change
|
Minneapolis-St. Paul MN-WI MSA |
46,639 |
2.4 |
Duluth-Superior MN -WI MSA |
2,868 |
2.1 |
Rochester MSA |
159 |
0.1 |
St. Cloud MSA |
1,345 |
1.2 |
Mankato MSA |
967 |
1.7 |
-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.