State and National Employment and Unemployment

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Unemployment

Minnesota’s unemployment rate fell another one-tenth of one percentage point to 3.5 percent in December on a seasonally adjusted basis.

The labor force participation rate ticked up again to 70.4 percent with the addition of 23,000 entering the labor force.

The national unemployment rate remained steady at 5.0 percent in December.


Unemployment Rates

December
2015

November
2015

December
2014

Minnesota

Seasonally Adjusted

3.5%

3.6%

3.7%

Not Seasonally Adjusted

3.6%

3.0%

3.6%

United States

Seasonally Adjusted

5.0%

5.0%

5.6%

Not Seasonally Adjusted

4.8%

4.8%

5.4%


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Annual Employment

Minnesota added 42,485 jobs over the year in December. The over-the-year growth rate rose to 1.5 percent from 1.1 percent in November. The private sector gained 39,314 jobs, up 1.6 percent over the year. Government employment gained 3,171 jobs, up 0.7 percent, over the year.

The U.S. employment growth rate remained at 1.9 percent over the year in December and 2.2 percent in the private sector.

Eight industry sectors grew over the year in Minnesota; Construction, Manufacturing, Trade, Transportation & Utilities, Financial Activities, Professional & Business Services, Education & Health Services, Leisure & Hospitality and Government.

Three sectors lost jobs over the year: Logging & Mining, Information and Other Services.


Line graph: Nonfarm Employment Growth


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Monthly Employment

Minnesota gained 9,100 jobs in December on a seasonally adjusted basis. In addition, there was an upward revision of 2,000 jobs in November to raise the gain to 9,200. Private sector employers gained 4,800 jobs while Government gained 4,300 jobs over the month in December.

Seven sectors gained jobs including Leisure & Hospitality, up 2,800, Education & Health Service, up 2,100, Manufacturing, up 1,600 and Construction, up 1,300.

Four sectors lost jobs with Professional & Business Services down 3,200 jobs and Trade, Transportation & Utilities off 2,000.

National job growth was 0.2 percent on a seasonally adjusted basis in December.


Minnesota Nonfarm Employment

December - Seasonally Adjusted

Minnesota

U.S.

Number of Jobs
Gained or Lost

Percent
Change

Percent
Change

Total Nonfarm Employment

9,100

0.3%

0.2%

Total Private

4,800

0.2%

0.2%

Mining and Logging

-500

-7.8%

-1.0%

Construction

1,300

1.2%

0.7%

Manufacturing

1,600

0.5%

0.1%

Trade, Transportation, and Utilities

-2,000

-0.4%

0.1%

Information

-2,000

-0.4%

0.6%

Financial Activities

200

0.4%

0.1%

Professional and Business Services

-3,200

-0.9%

0.4%

Educational and Health Services

2,100

0.4%

0.3%

Leisure and Hospitality

2,800

1.1%

0.2%

Other Services

500

0.4%

0.2%

Government

4,300

1.0%

0.1%



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