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Industrial Analysis

Nick_Dobbins

by Nick Dobbins
October 2021

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

Overview

Minnesota employment was up by 4,300 (0.2%) on a seasonally-adjusted basis in August. It was the eighth consecutive month of growth for the state. Private sector employers added 6,200 jobs (0.3%).

Over the year employment in the state was up by 4% or 109,834 jobs. Goods producers added 18,594 jobs (4.1%), and service providers added 91,330 (3.9%).

Mining and Logging

Mining and Logging employment was up by 100 (1.6%) over the month in September on a seasonally adjusted basis.

On an annual basis the supersector added 232 jobs or 3.6%, which was down from 4.9% over-the-year growth in August.

Construction

Employment in Construction was up 2,300 (1.8%) in September. It was the third consecutive month with seasonally adjusted growth for the supersector.

Over the year Construction employers added 10,032 jobs or 7.6%. It was the second-highest proportional growth of any supersector in the state after Leisure and Hospitality and an improvement over August's 5.5% annual growth. Every published component sector added jobs.

Manufacturing

Manufacturing employers lost 400 jobs (0.1%) on the month in September. Durable Goods Manufacturing lost 500 jobs (0.2%) while their counterparts in Non-Durable Goods Manufacturing added 100 (0.1%).

On an annual basis the supersector added 11,224 jobs (3.7%). Durable Goods Manufacturing was up 6,451 (3.3%), and Non-Durable Goods Manufacturing was up 4,773 (4.3%).

Trade, Transportation, and Utilities

Trade, Transportation, and Utilities employment was up by 2,600 (0.5%) in September. The growth was driven by Transportation, Warehousing, and Utilities, which added 3,100 jobs or 3%. Retail Trade employment was up 400 (0.1%) while Wholesale Trade employment was down by 900 (0.7%).

Over the year Trade, Transportation, and Utilities added 13,924 jobs (2.8%) with growth in all three major component sectors. Transportation, Warehousing, and Utilities led the way, up 7,087 or 7%. Transportation and Warehousing added 7,109 jobs (8%), despite one of its largest components, Truck Transportation, posting negative annual growth (down 831 or 3.1%).

Information

Employment in Information was up by 100 (0.2%) on a seasonally adjusted basis in September.

Over the year Information employers lost 2,018 jobs (4.8%). It was the worst proportional growth of any supersector in the state as Information employment continues to decline in the state.

Financial Activities

Financial Activities employment was up by 1,300 (0.7%) in August, with growth in both component sectors. Real Estate and Rental and Leasing employment was up 1.8% (600 jobs) while Finance and Insurance was up 700 (0.4%).

Over the year the supersector lost 748 jobs (0.4%). It was one of just two supersectors to lose jobs on the year, primarily because it was much less hard-hit by the original wave of COVID19-related job losses than most supersectors and as such had less ground to make up to get back to pre-COVID levels. Finance and Insurance lost 1,488 jobs (0.9%), while Real Estate and Rental and Leasing added 740 jobs (2.2%).

Professional and Business Services

Employment in Professional and Business Services was up by 2,400 (0.6%) in September. Professional, Scientific, and Technical Services drove the growth, adding 1,700 jobs or 1.1%. Management of Companies added 600 jobs (0.7%), and Administrative and Support and Waste Management and Remediation Services added 100 (0.1%).

Over the year the supersector added 21,275 jobs (6%). Administrative and Support and Waste Management and Remediation Services added 11,582 jobs (9.8%), with the addition of 6,754 jobs (14.2%) in Employment Services. Management of Companies lost 722 jobs (0.8%).

Educational and Health Services

Educational and Health Services employers added 1,900 jobs (0.4%) in September. It was the first month with seasonally adjusted growth in the supersector since May. Health Care and Social Assistance added 1,500 jobs (0.3%), and Educational Services added 400 (0.6%).

Over the year Educational and Health Services employment was up 4,457 (0.8%). Educational Services added 4,120 jobs (6.3%), while Health Care and Social Assistance chipped in 337 jobs (up 0.1%).

Leisure and Hospitality

Leisure and Hospitality employment was up by 9,800 (4.1%) on a seasonally adjusted basis in September. It was the ninth consecutive month of growth for the supersector.

On an annual basis employment in Leisure and Hospitality was up 44,097 or 20.7%. It remained the largest proportional growth of any supersector in the state, which has been the case throughout the recovery as the hard-hit industry group continues building back towards pre-pandemic levels.

Other Services

Other Services employers shed 200 jobs (0.2%) on the month in September, the second consecutive month of declines for the supersector.

On the year, Other Services added 4,461 jobs or 4.5%. All three components added jobs, with the largest proportional growth coming in Repair and Maintenance (up 7.4% or 1,504 jobs).

Government

Government employers shed 600 jobs (0.1%) in September, with State employment off by 700 (0.7%) and Federal employment up 100 (0.3%).

Over the year Government added 1,941 jobs (0.5%). Losses at the State and Federal levels (down 3.3% and 9.6%, respectively) were offset by the addition of 8,692 jobs or 3.3% among Local Government employers.

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