Unemployment Figures



Minnesota employers added 10,300 jobs in May, according to figures released by the Minnesota Department of Employment and Economic Development.
               
The state's seasonally adjusted unemployment rate dropped to 4.6 percent. The U.S. unemployment rate in May was 6.3 percent.

The agency said the state has added 45,617 jobs in the past year, a growth rate of 1.6 percent, compared with a U.S. growth rate of 1.8 percent during that period. Since January 2011, the state has gained 154,300 jobs.

DEED spokesman Steve Hine said Minnesota's unemployment rate is at the lowest level in seven years, which is yet another indicator of Minnesota'sr improving economy.

Hine said it is also encouraging to see growth occurring in Minnesota's construction and manufacturing sectors, which have each added more than 9,000 jobs in the past year.

Professional and business services led all sectors in May, adding 4,100 jobs. That was followed by construction (up 3,800), manufacturing (up 2,900), information (up 900), other services (up 500), and trade, transportation and utilities (up 100).

Filed Under :  
Topics : Business_FinanceLabor
Social :
Locations : Minnesota
People : Steve Hine
A   A   A