facebook app skip to content
Primary navigation

Press Releases

press-release-header

Find press releases from prior years in DEED's digital library.

Minnesota Unemployment Rate at 3.1 percent

February marks the first time annual total employment declined since July 2010

3/21/2019 10:00:00 AM

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

Steve Hine 651-259-7396
Steve.Hine@state.mn.us

ST. PAUL – Minnesota lost 8,800 seasonally adjusted jobs in February and the state's seasonally adjusted unemployment rate increased to 3.1 percent according to figures released today by the Minnesota Department of Employment and Economic Development (DEED). The U.S. unemployment rate was 3.8 percent in February.

Minnesota's total over-the-year job growth slipped into negative territory in February, with 1,364 fewer jobs than at this time last year. This is the first month of annual job decline since July 2010.

Labor force participation and the employment-to-population ratio were stable during the month at 69.8 percent and 67.7 percent respectively.

"The most significant decline this month was in construction, losing 3,800 jobs – not shocking given the brutal February weather we had," said DEED Commissioner Steve Grove. "Along with that, we know that Minnesota faces dwindling labor force growth - we can't have job gains without people to fill the positions."

Seven of the eleven major industry sectors lost jobs during the month, with construction losing the largest number at 3,800 jobs. Trade, transportation & utilities also shed a substantial 3,000 jobs, education & health care was down 2,300, and manufacturing shed 1,600.

Smaller changes were recorded in professional & business services (a gain of 1,300), financial activities (up 1,000), leisure & hospitality (down, 800), government (up 400), other services (+200), and mining & logging and information (each off 100).

Two out of the five Metropolitan Statistical Areas (MSAs) had unadjusted over-the-year growth. Rochester MSA was up 1.5 percent and St. Cloud MSA was up 1.3 percent. Mankato MSA remained steady while Minneapolis- St. Paul MSA was down 0.5 percent and Duluth-Superior MSA went down 0.8 percent.

Diminished workforce growth has been slowing job growth in Minnesota for the past two years. This report is in line with that trend. Additionally, this report echoes the possible weakening of the economy overall as hinted at by the 20,000 job gain nationally in February.

Looking ahead, a rebound in job growth as outdoor conditions improve would confirm the main reason behind this month's job losses.

Use the link to see DEED's 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

February 2019

January 2019

February 2019

February 2018

Minnesota

        3.1

        3.0

                3.9

              3.8

U.S.

        3.8

        4.0

                 4.1

              4.4

Employment

February 2019

January 2019

Feb. '18 Feb. '19 Level Change

Feb. '18- Feb. '19 % Change

Minnesota

  2,955,700

  2,964,500

          -1,364

               0.0

U.S.

150,606,000

150,586,000

        2,459,000

               1.7

 

MN OTY Job Change

MN OTY Growth Rate

US OTY Growth Rate

Total nonfarm

-1,364

-0.0

1.7

Total Private

-1,181

- 0.0

1.9

Logging and Mining

44

0.7

5.8

Construction

6,246

6.1

3.9

Manufacturing

-1,056

-0.3

1.8

Trade, Transport. and Utilities

-3,472

-0.7

0.5

Information

-2,202

-4.4

1.9

Financial Activities

2,542

1.4

1.0

Prof. and Business Services

-3,509

-0.9

2.6

Ed. and Health Services

-3,385

-0.6

2.2

Leisure and Hospitality

3,922

1.5

2.6

Other Services

-311

-0.3

1.0

Government

-183

-0.0

0.6

 

Metropolitan Statistical Area

OTY Employment Change (#, NSA)

OTY Employment Change (%, NSA)

Minneapolis-St. Paul MN-WI MSA

-10,350

-0.5

Duluth-Superior MN-WI MSA

-1,140

-0.8

Rochester MSA

1,825

1.5

St. Cloud MSA

1,365

1.3

Mankato MSA

16

0.0

Economic Development

back to top