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State Gains 2,500 Jobs in January

Unemployment rate steady at 3.3 percent

3/8/2018 2:39:16 PM

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

ST. PAUL
– Minnesota employers added 2,500 jobs in January, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED).

Newly revised figures indicate the state gained 20,116 jobs over the past 12 months, a 0.7 percent growth rate. U.S. jobs were up 1.5 percent during that period.

The state’s seasonally adjusted unemployment rate in January held steady at the revised 3.3 percent posted in December. The U.S. employment rate was 4.1 percent in January.

“Minnesota launched the year on a positive note with 2,500 new jobs,” said DEED Commissioner Shawntera Hardy. “While job growth over the past year was slower than earlier data suggested, the economy is still growing and businesses are hiring.”

Government led all sectors in January with 2,700 new jobs. Other sectors adding jobs were leisure and hospitality (up 1,200), professional and business services (up 500), other services (up 500), trade, transportation and utilities (up 400), manufacturing (up 300) and construction (up 100). Logging and mining held steady.

The following sectors lost jobs: education and health services (down 1,700), financial activities (down 1,400) and information (down 100).

Over the past year, education and health services gained 8,236 jobs, followed by government (up 7,581), construction (up 3,731), trade, transportation and utilities (up 2,854), professional and business services (up 1,749) and logging and mining (up 33).

Five sectors lost jobs over the past 12 months: financial activities (down 1,518), leisure and hospitality (down 1,322), information (down 662), other services (down 504) and manufacturing (down 62).

In the Metropolitan Statistical Areas, all regions gained jobs in the past 12 months: Minneapolis-St. Paul MSA (up 0.7 percent), Duluth-Superior MSA (up 1.3 percent), Rochester MSA (up 0.3 percent), St. Cloud MSA (up 0.2 percent) and Mankato MSA (up 2.9 percent).

DEED also announced revised job figures for last year based on updated data from the federal Bureau of Labor Statistics. Those figures (not seasonally adjusted) indicate Minnesota gained 30,606 jobs from December 2016 to December 2017, rather than the 44,200 jobs that were originally estimated. The job growth rate during that period was revised downward from 1.5 percent to 1.1 percent.

Those adjustments and other factors resulted in a revised unemployment rate of 3.3 percent in December 2017, rather than the 3.1 percent rate that was originally reported.

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

January
2018

December
2017

January
2018

January
2017

Minnesota

3.3

3.3

4.0

4.7

U.S.

4.1

4.1

4.5

5.1

Employment

January
2018

December
2017

Jan. ‘17-
Jan. ‘18
Level Change

Jan. ‘17-
Jan. ‘18
% Change

Minnesota

2,946,200

2,943,700

20,116

0.7

U.S.

147,810,000

147,610,000

220,000

1.5

Over The Year Employment Growth By Industry Sector (NSA)


OTY Job Change

OTY
Growth Rate (%)

U.S. OTY
Growth Rate (%)

Total Non-Farm Employment

20,116

0.7

1.5

Logging and Mining

33

0.5

4.7

Construction

3,731

3.7

4.3

Manufacturing

-62

-0.0

1.6

Trade, Trans. and Utilities

2,854

0.5

0.9

Information

-662

-1.3

0.7

Financial Activities

-1,518

-0.9

1.5

Prof. and Bus. Services

1,749

0.5

1.1

Ed. and Health Services

8,236

1.6

2.3

Leisure and Hospitality

-1,322

-0.5

2.9

Other Services

-504

-0.4

2.0

Government

7,581

1.8

0.1

Metropolitan Statistical Area

OTY
Employment Change
(#, NSA)

OTY Employment Change
(%, NSA)

Minneapolis-St. Paul MN-WI MSA

12,979

0.7

Duluth-Superior MN -WI MSA

1,715

1.3

Rochester MSA

336

0.3

St. Cloud MSA

262

0.2

Mankato MSA

1,636

2.9



-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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