State and National Employment and Unemployment

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Unemployment

Minnesota’s unemployment rate dropped one-tenth of a percentage point to a seasonally adjusted 3.7 percent in April after an upward revision to 3.8 percent in March.

For the fourth consecutive month, the labor force participation rate increased, up by two-tenths of a percentage point to 70.7 percent in April. The labor force rose to 3,030,064.

The national unemployment rate dropped one-tenth of a percentage point to 5.4 percent in April.


Unemployment Rates

April
2015

March
2015

April
2014

Minnesota

Seasonally Adjusted

3.7%

3.8%

4.2%

Not Seasonally Adjusted

3.8%

4.5%

4.3%

United States

Seasonally Adjusted

5.4%

5.5%

6.3%

Not Seasonally Adjusted

5.1%

5.6%

5.9%


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Annual Employment

Minnesota added 46,114 jobs in April over the year for a growth rate of 1.7 percent. This rate is down from March due to the employment surge last April at the end of a long winter. U.S. employment grew 2.2 percent over the year in April.

Minnesota’s private sector added 48,944 jobs over the year, up 2.1 percent. This is below national private sector growth of 2.6 percent.

By sector, job growth was strongest in Construction, up 5.0 percent over the year after falling into negative territory in March. This annual growth rate now matches the nation.

Professional & Business Services and Leisure & Hospitality also showed strong over-the-year growth, up 3.5 and 3.0 percent respectively.

Manufacturing grew at 1.9 percent over the year in April. This is now the only industry sector in Minnesota with a positive growth rate higher than the nation’s, which was at 1.6 percent.

Logging & Mining, Information and Government all now have negative over-the-year rates of growth.


Non-farm Employment graph


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Monthly Employment

Minnesota gained 7,400 jobs in April on a seasonally adjusted basis. Private sector employers gained 9,900 jobs while Government lost 2,000 jobs.

Six sectors gained jobs with the largest increases in Construction, Professional & Business Services, and Trade, Transportation & Utilities. The increases in Professional & Business Services were driven by seasonal hiring in landscaping and other building services.

Five sectors lost jobs over the month with the largest loss in Education & Health Services, down 2,200. This was driven by a drop of 4,100 in private education. The health and social assistance component of this sector added 1,900 jobs in April.

National job growth stood at 0.2 percent on a seasonally adjusted basis in April.


Minnesota Nonfarm Employment

April - Seasonally Adjusted

Minnesota

U.S.

Number of Jobs
Gained or Lost

Percent
Change

Percent
Change

Total Nonfarm Employment

7,400

0.3%

0.2%

Total Private

9,900

0.4%

0.2%

Mining and Logging

400

5.7%

-1.7%

Construction

6,600

6.3%

0.7%

Manufacturing

900

0.3%

0.0%

Trade, Transportation, and Utilities

2,200

0.4%

0.1%

Information

-500

-0.9%

0.1%

Financial Activities

400

0.2%

0.1%

Professional and Business Services

3,400

0.9%

0.3%

Educational and Health Services

-2,200

-0.4%

0.3%

Leisure & Hospitality

-600

-0.2%

0.1%

Other Services

-700

-0.6%

0.1%

Government

-2,500

-0.6%

0.0%



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