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Industrial Analysis

Nick_Dobbins

by Nick Dobbins
November 2021

Monthly analysis is based on seasonally adjusted employment data.
Yearly analysis is based on unadjusted employment data.

Minnesota Seasonally Adjusted Nonagricultural Wage and Salary Employment

 (In Thousands)

Industry Sep-21 Aug-21 Jul-21
Total Nonfarm 2869.7 2852.6 2848.4
Goods-Producing 452.5 450.5 446.5
Mining and Logging 6.4 6.3 6.4
Construction 131 128.7 127.3
Manufacturing 315.1 315.5 312.8
Service-Providing 2417.2 2402.1 2401.9
Trade, Transportation, and Utilities 514.1 511.5 509.8
Information 40.4 40.3 40.5
Financial Activities 190.4 191.3 190.9
Professional and Business Services 374 371.6 370.3
Educational and Health Services 535 533.1 535.2
Leisure and Hospitality 248.8 239 237
Other Services 104.8 105 105.9
Government 409.7 410.3 412.3
Source: Department of Employment and Economic Development, Current Employment Statistics, 2021.

Overview

Minnesota employers added 9,900 jobs (0.3%) on a seasonally adjusted basis over the month. The gain came entirely among private sector employers, who added 11,500 jobs (0.5%), while public sector employers lost 1,600 jobs (0.4%). Goods producers and services providers collectively both posted positive over-the-month growth.

On the year employers in Minnesota added 94,455 jobs (3.4%). Employment in goods production was up 5.2% (23,193 jobs), while employment among service providers was up 3% or 71,162 jobs.

Mining and Logging

Employment in Mining and Logging was flat over the month in October, holding at 6,400 jobs.

Over the year, employment in the supersector was up by 4.4% or 283 jobs. The growth was an improvement over September's 3.6% over-the-year increase, in a month when most supersectors saw their over-the-year performance worsen over the past month.

Construction

Construction employment was up 400 (0.4%) in October on a seasonally adjusted basis. The supersector has posted positive growth in every month since June.

On an annual basis Construction employers added 8,852 jobs (6.6%). Every published component sector posted positive growth, with the largest real and proportional increases coming in Specialty Trade Contractors (up 5,907 jobs or 7%).

Manufacturing

Employment in Manufacturing was up by 3,000 (1%) over the month in October. Growth was split between components, with Durable Goods up 1,600 (0.8%) and Non-Durable Goods up 1,400 (1.2%).

Over the year Manufacturing employers added 14,058 jobs (4.6%). Durable Goods employment was up 8,303 (4.2%) with Wood Product Manufacturing up 4.9% (576 jobs). Non-Durable Goods Manufacturers added 5,755 jobs (5.1%) with Food Manufacturing adding 3,775 jobs (7.7%).

Trade, Transportation, and Utilities

Employment in Trade, Transportation, and Utilities was up slightly in October, adding 500 jobs (0.1%). Both Retail and Wholesale Trade employment were off by 0.1% (down 400 and 100 jobs, respectively), while Trade, Transportation, and Utilities employers added 1,000 jobs (0.9%).

On an annual basis, the supersector added 9,116 jobs (1.8%). Transportation, Warehousing, and Utilities added 6,051 jobs (5.8%), with all of that coming in Transportation and Warehousing, while Retail Trade added 1,278 jobs (0.5%), and Wholesale Trade added 1,787 jobs (1.5%).

Information

Information employers lost 100 jobs (0.2%) on a seasonally adjusted basis in October.

Over the year the supersector lost 1,282 jobs or 3.1%. It was the worst proportional over-the-year job loss of any supersector in the state. Telecommunications lost 890 jobs or 8.8%.

Financial Activities

Employment in Financial Activities was up by 500 (0.3%) in October. All of that growth came in Finance and Insurance (up 500, 0.3%) as Real Estate and Rental and Leasing employment was flat at 33,300.

Annually the supersector lost 2,292 jobs (1.2%). It was one of only two supersectors to lose jobs on the year. Finance and Insurance lost 2,535 jobs (1.6%) while Real Estate and Rental and Leasing added 243 jobs (0.7%).

Professional and Business Services

Professional and Business Services employment was up 3,200 jobs (0.9%) with positive growth in all three component sectors. It was the eighth consecutive month of seasonally adjusted growth for the supersector. Professional, Scientific, and Technical Services added 1,500 jobs, and Administrative and Support and Waste Management and Remediation Services added 1,200, both up 0.9%.

Over the year the supersector added 23,842 jobs (6.7%). It was the second largest proportional growth of any supersector in the state after Leisure and Hospitality. Every major component sector added jobs, with Administrative and Support and Waste Management and Remediation Services up 12,159 (10.1%) thanks in large part to the addition of 8,032 jobs (16.3%) in Employment Services.

Educational and Health Services

Educational and Health Services employers added 1,000 jobs (0.2%) in October on a seasonally adjusted basis. The growth was entirely in Educational Services (up 1,900 or 2.7%) as Health Care and Social Assistance lost 900 jobs (0.2%).

Over the year Educational and Health Services employment was mostly flat, up just 190 jobs (0.0%). Growth in Educational Services (up 2,493 or 3.4%) was offset by losses in Health Care and Social Assistance (down 2,303 or 0.5%). Those losses in turn were driven by the loss of 4,858 jobs (4.7%) in Nursing and Residential Care Facilities.

Leisure and Hospitality

Employment in Leisure and Hospitality was up by 2,700 (1.1%) in October, which was the highest proportional over-the-month growth of any supersector in the state. It was the 10th consecutive month of seasonally adjusted growth for Leisure and Hospitality employers. Accommodation and Food Services was up 3,900 (1.9%) while Arts, Entertainment, and Recreation employers lost 900 jobs (0.2%).

On an annual basis the supersector added 38,803 jobs (18.5%), the largest proportional over-the-year growth of any supersector in the state. Arts, Entertainment, and Recreation was up 24% (7,984 jobs), and Accommodation and Food Services was up 17.4% (30,819 jobs).

Other Services

Employment in Other Services was up by 300 (0.3%) on a seasonally adjusted basis in October. The increase came on the heels of two consecutive months of negative growth.

Over the year the supersector added 1,910 jobs or 1.9%. Repair and Maintenance drove the growth, adding 1,351 jobs or 6.5%, while the other two component sectors combined to add 559 jobs.

Government

Government employers lost 1,600 jobs (0.4%). It was the biggest job loss of any supersector on both a real and proportional basis. The loss came entirely among Local Government employers, which shed 1,600 jobs (0.6%) while State and Federal employment remained flat.

Over the year Government employers added 975 jobs (0.2%). The growth came entirely at the Local level (up 5,643 or 2%). State employers lost 2,907 jobs (2.9%), and Federal employers lost 1,761 jobs (5.2%).

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