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Minnesota Unemployment Holds at 3.2%

Labor force participation rate ticked up to 70.3% while the state added more than 7,000 new jobs

11/14/2019 8:32:57 AM

Contact: Eric Lightner
651-259-7149
eric.lightner@state.mn.us

Oriane Casale
651-259-7383
oriane.casale@state.mn.us

St. Paul – According to data released today by the Minnesota Department of Employment and Economic Development (DEED) the seasonally adjusted unemployment rate held at 3.2% in October. The national seasonally adjusted unemployment rate for October increased to 3.6%.

Minnesota added 7,400 jobs in the month of October. Meanwhile, September’s employment growth was revised up to 1,600 jobs.

“There continues to be a high demand for workers in the state,” said DEED Commissioner Steve Grove. “While this is good news for workers, it means we need to do more to ensure Minnesota businesses have the employees they need to thrive, and that we are helping Minnesota workers prepare for in-demand occupations.”

The state’s labor force participation rate rose a tenth of a percent to 70.3% and the employment-to-population ratio increased to 68%, the highest it has been since 2008.

Over the month, five industry sectors gained jobs. Leisure and hospitality gained the most (up 4,900) followed by trade, transportation and utilities (up 2,500), manufacturing (up 1,300), construction (up 800) and government (up 200).

Sectors losing jobs over the month include information and financial activities, both down 1,000 jobs.

Over the month the Minneapolis-St. Paul Metropolitan Statistical Area (MSA) was the only MSA in the state to lose jobs (down 908). Rochester added the most jobs in October (up 1,268).

Seasonally Adjusted

Not Seasonally Adjusted (NSA)

Unemployment Rate

October 2019

September 2019

October 2019

October 2018

Minnesota

3.2

3.2

2.5

2.2

U.S.

3.6

3.5

3.3

3.5

Employment

October 2019

September 2019

September '18 '19 level of Change

September '18 '19 % level of Change

Minnesota

2,972,000

2,964,600

12,575

0.4

U.S.

151,945,000

151,817,000

2,205,000

1.5


MN Annual Job Change

MN Annual
Growth Rate

US Annual
Growth Rate

Total nonfarm

12,575

0.4

1.5

Total Private

10,961

0.4

1.5

Logging and Mining

220

3.2

-1.2

Construction

4,276

3.2

2.7

Manufacturing

881

0.3

0.2

Trade, Transport. and Utilities

2,982

0.6

0.0

Information

-3,610

-7.4

2.1

Financial Activities

2,588

1.4

1.2

Prof. and Business Services

-4,602

-1.2

2.0

Ed. and Health Services

-5,666

-1.0

2.8

Leisure and Hospitality

13,825

5.1

2.4

Other Services

67

0.1

1.0

Government

1,614

0.4

1.2


Metropolitan Statistical Area

Annual Employment Change
(#, NSA)

Annual Employment Change
(%, NSA)

Minneapolis-St. Paul MN-WI MSA

-908

0.0

Duluth-Superior MN-WI MSA

1,080

0.8

Rochester MSA

1,268

1.0

St. Cloud MSA

780

0.7

Mankato MSA

935

1.6


Visit the DEED website 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 information about the agency and its services visit the DEED website or follow DEED on Twitter.

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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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