Industrial Analysis
by Nick Dobbins
June 2025
Monthly analysis is based on seasonally adjusted employment data.
Yearly analysis is based on unadjusted employment data.
Overview
Employment in Minnesota was up by 6,600, or 0.2% over the month on a seasonally adjusted basis. Service providers drove the growth, adding 7,000 jobs (0.3%), while goods producers lost 400 jobs (0.1%). Private sector employers added 6,200 jobs (0.2%), and public sector employers added 400 jobs (0.1%).
Over the year Minnesota employers added 40,192 jobs or 1.3%, outpacing the national growth of 1.1%. Service providers added 35,894 jobs (1.4%), while goods producers added 4,298 jobs or 0.9%.
Mining and Logging
Employment in Mining and Logging was down by 200 or 3% over the month in May on a seasonally adjusted basis. This was the largest proportional decline of any supersector in the state.
On an annual basis Mining and Logging employers lost 17 jobs or 0.3%. It was one of just three supersectors in Minnesota to post negative annual growth. This was a reversal from April, when Mining and Logging employment posted 2.5% annual growth.
Construction
Construction employers lost 1,100 jobs, or 0.8%, over the month in May. It was the second consecutive month of seasonally adjusted losses for the supersector, which brings total employment to the same level it was at the end of 2024.
Over the year employment in Construction was up by 602 or 0.4%, the same level it was at in April. Heavy and Civil Engineering was up 1,689 (7.7%), and Building Construction was up by 1,308 (4.1%), while Specialty Trade Contractors shed 2,395 jobs or 2.7%.
Manufacturing
Employment in Manufacturing was up by 900 (0.3%) in May, the fifth consecutive month of seasonally adjusted growth for the supersector. The growth came entirely from Durable Goods Manufacturing, which was up by 1,000 (0.5%), while the Non-Durable Goods component lost 100 jobs (0.1%).
On an annual basis Manufacturing employment was up by 3,713 jobs or 1.2%, outpacing the national loss of 0.7%. Durable Goods employers added 703 jobs (0.3%), while Non-Durable Goods employers added 3,010 jobs (2.7%) owing in large part to the addition of 2,417 jobs (5.2%) in Food Manufacturing.
Trade, Transportation, and Utilities
Trade, Transportation, and Utilities employment was up by 2,500 or 0.5% over the month of May. Wholesale Trade employment was down by 1,300 (1%), but those losses were more than offset by gains in the other two component sectors. Retail Trade was up 1,200 jobs (0.4%), and Transportation, Warehousing, and Utilities added 2,600 jobs (2.2%).
Over the year employment in Trade, Transportation, and Utilities was up by 1,554 jobs or 0.3% after briefly dipping into negative growth in April. As was the case on a monthly basis, annual Wholesale Trade growth was off by 2,029 jobs (1.5%), but the positive growth in the other two component sectors kept the supersector in the black. Transportation, Warehousing, and Utilities added 2,300 jobs (2%), and Retail Trade added 1,283 jobs (0.4%).
Information
Employment in Information was down by 400 (0.9%) in May. It was the third consecutive month of seasonally adjusted losses for the supersector, which has shed 700 jobs since the end of 2024.
On an annual basis Information employers lost 926 jobs or 2.1%. This was the largest proportional job loss of any supersector in Minnesota. Telecommunications employment was off by 370 (4.3%), while Publishing Industries employment was up 78 (0.4%).
Financial Activities
Financial Activities employment was up by 100 (0.1%) over the month. It was the first positive seasonally adjusted monthly growth for the supersector since January. Real Estate and Rental and Leasing employment was up by 200 (0.6%), while Finance and Insurance employment was down by 100 (0.1%).
Over the year employment in Financial Activities was down by 2,316 or 1.2%, which was an improvement over April’s 1.7% annual decrease. Finance and Insurance employers shed 2,457 jobs or 1.6%, while Real Estate and Rental and Leasing employers added 141 jobs or 0.4%.
Professional and Business Services
Employment in Professional and Business Services was off by 500 (0.1%) over the month of May, the second consecutive month of job losses in the supersector. Professional, Scientific, and Technical Services was down 500 (0.3%), and Management of Companies and Enterprises was down 400 (0.5%), while Administrative and Support and Waste Management and Remediation Services added 400 jobs (0.3%).
On an annual basis the supersector added 661 jobs, or 0.2%. The growth came from the Professional, Scientific and Technical Services component sector, which added 3,077 jobs or 1.9%. Management of Companies lost 722 jobs (0.8%), and Administrative and Support and Waste Management and Remediation Services lost 1,694 jobs or 1.3% with a loss of 5,073 jobs (10.1%) in Employment Services.
Educational and Health Services
Educational and Health Services employment was up by 3,800 or 0.6% in May. The supersector has added 11,500 jobs since the end of 2024. Health Care and Social Assistance drove the monthly growth, adding 3,600 jobs or 0.7%, while Educational Services added 200 jobs (0.3%).
Annually employers in Educational and Health Services added 27,763 jobs or 4.7%. It was the largest real and proportional growth of any supersector in the state. Health Care and Social Assistance added 25,742 jobs or 5%, while Educational Services employment was up by 2,021 or 2.7%.
Leisure and Hospitality
Employment in Leisure and Hospitality was up by 2,100 or 0.8% over the month in May. It was the largest proportional monthly growth in the state and the third consecutive month of seasonally adjusted growth for the supersector. Arts, Entertainment, and Recreation was up by 1,200 jobs (2.4%), while Accommodation and Food Services was up by 900 (0.4%).
Over the year employers in the supersector added 487 jobs or 0.2%. The growth came entirely from the Arts, Entertainment, and Recreation component, which added 1,131 jobs or 2.1%. Accommodation and Food Services employers lost 644 jobs or 0.3% with employment in Restaurants and Other Eating Places off by 2,460 or 1.4%.
Other Services
Other Services employers lost 1,000 jobs or 0.8% over the month. It was the second consecutive month of declines for the supersector, although employment remained up by 600 from where it ended 2024.
Over the year Other Services employers added 835 jobs or 0.7%. Repair and Maintenance was up 594 jobs (2.4%), and Religious, Grantmaking, Civic, and Professional Organizations added 493 jobs (0.8%), while Personal and Laundry Services employers shed 242 jobs (0.9%).
Government
Employment in Government was up by 400 or 0.1% in May. State and Local level employers each added 400 jobs (up 0.4% and 0.1%, respectively) while Federal employers lost 400 jobs (1.2%).
Over the year Government employers added 7,836 jobs or 1.8%, outpacing the national level growth of 1%. Local Government employment was up by 5,537 or 1.8%, and State Government was up by 2,918 or 2.8%. Federal Government employment was down by 619 or 1.8%.
| Minnesota Seasonally Adjusted Nonagricultural Wage and Salary Employment (In Thousands) | |||
|---|---|---|---|
| Industry | May-25 | Apr-25 | Mar-25 |
| Total Nonfarm | 3056 | 3049.4 | 3051.3 |
| Goods-Producing | 470.3 | 470.7 | 470.1 |
| Mining and Logging | 6.4 | 6.6 | 6.6 |
| Construction | 139 | 140.1 | 140.2 |
| Manufacturing | 324.9 | 324 | 323.3 |
| Service-Providing | 2585.7 | 2578.7 | 2581.2 |
| Trade, Transportation, and Utilities | 539.9 | 537.4 | 535.9 |
| Information | 42.4 | 42.8 | 43.1 |
| Financial Activities | 186.7 | 186.6 | 187.1 |
| Professional and Business Services | 374.6 | 375.1 | 377 |
| Educational and Health Services | 612 | 608.2 | 609.4 |
| Leisure and Hospitality | 274 | 271.9 | 270.3 |
| Other Services | 117.4 | 118.4 | 119.6 |
| Government | 438.7 | 438.3 | 438.8 |
| Source: Department of Employment and Economic Development, Current Employment Statistics, 2025. | |||