August jobless rate rises to adjusted 5.9 percent

Phillips: Minnesota’s labor market struggles to find footing

ST. PAUL — The Minnesota unemployment rate climbed 0.1 percent in August to a seasonally adjusted 5.9 percent, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).
But the state’s unemployment rate remained well below the U.S. rate of 8.1 percent in August.
State employers eliminated 2,000 jobs last month, while the July figures were revised downward by 2,000 jobs, reducing total job gains for that month to 4,800. The state has added 24,500 jobs in the past year, a growth rate of 0.9 percent.
“Despite solid job gains in the previous two months, the labor market is still struggling to find its footing,” said DEED Commissioner Mark Phillips. “The long-term trend remains positive, however, with the majority of business sectors reporting job growth over the past year.”
Government added 5,400 jobs in August, followed by education and health services, up 1,900, information up 900 and leisure and hospitality up 300.
Job losses occurred during the month in trade, transportation and utilities, down 3,400, manufacturing down 2,700, construction down 1,300, financial activities down 1,100, other services down 1,100, professional and business services down 600 and logging and mining down 300.
Over the last year, job gains have occurred in professional and business services, up 11,700, education and health services up 11,400, government up 10,000, manufacturing up 2,100, information up 1,700, financial activities up 1,600, construction up 1,600 and logging and mining up 100.
Year-over-year job losses occurred in leisure and hospitality, down 8,300, trade, transportation and utilities down 6,700 and other services down 500.
In the state metropolitan statistical areas, job gains occurred in the past 12 months in the St. Cloud MSA, up 2.5 percent, Minneapolis-St. Paul MSA, up 1.1 percent, Mankato MSA, up 1 percent and Rochester MSA, up 0.1 percent. Job losses occurred in the Duluth-Superior MSA, down 1.5 percent.