Unemployment rate down to 5.7 percent
ST. PAUL — Minnesota employers added 10,800 jobs in November, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).
The agency added that October job figures were revised from 8,100 jobs lost to 4,800 jobs lost. Minnesota has gained 55,200 jobs in the last year, a growth rate of 2.1 percent, compared with job growth nationally of 1.4 percent during that period.
The state’s unemployment rate fell to a seasonally adjusted 5.7 percent in November, down 0.2 percent from October’s revised rate of 5.9 percent.
“The Minnesota labor market continues to make progress, having recovered more than 100,000 jobs since September 2009,” said DEED Commissioner Katie Clark Sieben. “The state has regained jobs at a pace well ahead of the nation during that period.”
Trade, transportation and utilities led all sectors with 5,200 new jobs in November. Other gains occurred in education and health services, up 3,800; leisure and hospitality, up 3,200; other services, up 1,500; construction, up 1,300, and manufacturing, up 800.
Job losses occurred in professional and business services, down 1,900; information, down 1,300; government, down 1,300; financial activities, down 400, and mining and logging, down 100.
Over-the year job gains occurred in education and health services, up 23,300; professional and business services, up 6,600; construction, up 5,100; trade, transportation and utilities, up 5,100; government, up 3,700; other services, up 3,600; financial activities, up 3,300; leisure and hospitality, up 2,000; manufacturing, up 1,800, and information, up 800.
The only sector to lose jobs over the past year was logging and mining, down 100 jobs.
In the state’s Metropolitan Statistical Areas, job gains occurred in the last 12 months in the St. Cloud MSA, up 2.3 percent; Mankato MSA, up 2.2 percent; Duluth-Superior MSA, up 1.9 percent; Minneapolis-St. Paul MSA, up 1.7 percent, and Rochester MSA, up 1.3 percent.