by Nick Dobbins
Monthly analysis is based on seasonally adjusted employment data.
Yearly analysis is based on unadjusted employment data.
Employment in Minnesota was down 3,100 (0.1%) over the month on a seasonally adjusted basis in August. Goods producers lost 5,100 jobs (1.1%) while service providers added 2,000 jobs (0.1%).
Over the year the state added 72,549 jobs (2.5%). Goods producers and service providers both added jobs, with employment up 2.7% and 2.5%, respectively.
Employment in Mining and Logging was flat over the month in August, holding at a seasonally adjusted 6,200 jobs.
Over the year employment in Mining and Logging was down by 361 or 5.3%. This was the largest proportional decline in the state and one of only two supersectors, along with Construction, to post negative annual growth.
Construction employment was down 1,900 (1.4%) over the month in August on a seasonally adjusted basis. The highly seasonal supersector hadn't posted negative monthly growth since April.
Over the year Construction employers lost 1,568 jobs (1.1%), making it one of only two supersectors, along with Mining and Logging, to post negative annual growth. All three major published component sectors shed jobs, with Specialty Trade Contractors losing 1,130 jobs (1.2%).
Employment in Manufacturing was down 3,200 (1%) on a seasonally adjusted basis in August. It was the largest real monthly job loss of any supersector in the state. Non-Durable Goods Manufacturing drove the losses, dropping 2,800 jobs or 2.4%.
On an annual basis Manufacturing employers added 14,581 jobs (4.6%). It was the second largest proportional growth of any supersector in the state, trailing only Leisure and Hospitality. Durable Goods manufacturers added 10,937 jobs (5.4%), while their counterparts in Non-Durable Goods added 3,644 jobs (3.2%).
Trade, Transportation, and Utilities employers shed 2,300 jobs (0.4%) over the month in August. Retail Trade lost 2,900 jobs (1%), and Transportation, Warehousing, and Utilities lost 800 jobs (0.8%), while employment in Wholesale Trade was up by 1,400 or 1.1%.
On an annual basis the supersector added 2,515 jobs (0.5%). Retail Trade added 1,808 jobs (0.6%), and Transportation, Warehousing, and Utilities added 724 (0.7%), while Wholesale Trade employment was mostly flat, shedding 17 jobs (0.0%).
Employment in the Information supersector was down by 500 (1.1%) on a seasonally adjusted basis in August.
Over the year Information employers added 582 jobs or 1.4%. The long-declining supersector has posted annual growth consistently since December of 2021.
Monthly employment in Financial Activities was down 300 (0.2%) with declines in both Finance and Insurance (off 200 or 0.1%) and Real Estate and Rental and Leasing (off 100 or 0.3%).
On an annual basis Financial Activities employment was up by 494 (0.3%). Losses in Finance and Insurance (down 804 or 0.5%) were more than offset by growth in Real Estate and Rental and Leasing (up 1,298 or 3.7%).
Professional and Business Services employment was up 300 (0.1%) over the month in August. Professional, Scientific, and Technical Services added 700 jobs (0.4%) while Management of Companies and Enterprises lost 400 (0.5%). Employment in Administrative and Support and Waste Management was flat.
Over the year the supersector added 16,495 jobs (4.4%), the second-largest real job growth of any in the state, trailing only Leisure and Hospitality. All three component sectors posted positive growth, with Professional, Scientific, and Technical Services up 10,259 (6.4%), Management of Companies and Enterprises up 1,323 (1.5%), and Administrative and Support and Waste Management up 4,913 (3.8%). Employment Services added 1,803 jobs (3.2%).
Educational and Health Services employment was up by 1,900 (0.3%) in August. Educational Services added 1,100 jobs (1.6%) while their counterparts in Health Care and Social Assistance added 800 (0.2%).
Over the year the supersector added 14,641 jobs (2.7%). Educational Services had the larger proportional growth, up by 12.2% (7,049 jobs), while Health Care and Social Assistance added more jobs (up 7,622 or 1.6%).
Leisure and Hospitality employers lost 100 jobs (0.0%) over the month in August, with declines in Arts, Entertainment, and Recreation (down 1,500 or 3.4%) just outpacing growth in Accommodation and Food Services (up 1,400 or 0.7%).
Over the year Leisure and Hospitality added 16,643 jobs or 6.5%. It remained the largest real and proportional growth of any supersector in the state. However, both measures have been moving back towards the pack lately, and it is possible that the supersector will cede its top spot at some point in the coming months.
Employment in Other Services was up by 200 (0.2%) over the month in August after losing 500 jobs (0.5%) in July.
Over the year the supersector added 3,033 jobs (2.8%). Religious, Grantmaking, Civic, Professional, and Similar Organizations drove the growth, adding 2,899 jobs or 4.8%. Personal and Laundry Services added 234 jobs (0.9%) while Repair and Maintenance lost 100 jobs (0.5%).
Government employment in August was up by 2,800 (0.7%). The growth came entirely at the local level, as employment there was up 1% (2,800 jobs). Seasonally adjusted employment at both the state and federal levels was flat.
Over the year Government employers added 5,464 jobs (1.4%). State and federal level employers both lost jobs (down 0.4% and 1.9%, respectively) while local level employment was up by 2.5% (6,430 jobs).
|Minnesota Seasonally Adjusted Nonagricultural Wage and Salary Employment|
|Mining and Logging||6.2||6.2||6.3|
|Trade, Transportation, and Utilities||516||518.3||517|
|Professional and Business Services||388.7||388.4||385.6|
|Educational and Health Services||553||551.1||548.5|
|Leisure and Hospitality||251.4||251.5||246.9|
|Source: Department of Employment and Economic Development, Current Employment Statistics, 2021.|