State and National Employment and Unemployment

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Unemployment

In March, Minnesota’s seasonally adjusted unemployment rate remained unchanged at 4.8 percent.

Minnesota’s labor force participation rate increased to 70.6 percent and the state’s labor force surpassed 3 million for the first time ever in March. The employment-to-population ratio also rose to 67.2 percent, its highest level since January 2009..

The national unemployment rate was unchanged at 6.7 percent in March. 

  
Unemployment Rates

 

March
2014

February
2014

March
2013

Minnesota

Seasonally Adjusted

4.8%

4.8%

5.2%

Not Seasonally Adjusted

5.4%

5.6%

5.7%

United States

Seasonally Adjusted

6.7%

6.7%

7.6%

Not Seasonally Adjusted

6.8%

7.0%

7.6%

Annual Employment

Minnesota gained 41,582 jobs over-the-year in March, up 1.5 percent from one year ago. This is just below the U.S. annual growth of 1.6 percent.

Annual jobs growth occurred in all but one major industry sectors in March. Leading industries included Education and Health Services (+11,515 jobs); Construction (+9,163 jobs); Manufacturing (+6,192 jobs); Professional and Business Services (+5,521 jobs); Trade, Transportation and Utilities (+5,363 jobs); Other Services (+2,417 jobs); and Leisure and Hospitality (+1,303 jobs).

Smaller gains occurred in Information (+415 jobs), Government (+220 jobs), and Logging and Mining (+110 jobs).

Financial Activities (-637 jobs) was the only sector which lost jobs over the year.

Overall, private firms in Minnesota added 41,362 jobs over the year, a growth rate of 1.8 percent and compared to 2.0 percent nationally.


Non-farm Employment graph

Monthly Employment

Minnesota gained 2,600 jobs in March.

Seven sectors added jobs in March: Professional and Business Services (+3,500 jobs), Construction (+2,700 jobs), Financial Activities (+1,200 jobs), Government (+1,000 jobs), Information (+400 jobs), Manufacturing (+200 jobs), and Logging and Mining (+100 jobs).

Losses occurred in Leisure and Hospitality (-2,700 jobs); Trade, Transportation and Utilities (-2,300 jobs); Education and Health Services (-1,000 jobs); and Other Services (-500 jobs).

The private sector added 1,600 jobs in March.


Minnesota Nonfarm Employment

 

March- Seasonally Adjusted

Minnesota

U.S.

Number of Jobs
Gained or Lost

Percent
Change

Percent
Change

Total Nonfarm Employment

2,600

0.1%

0.1%

Total Private

1,600

0.1%

0.2%

Mining and Logging

100

1.4%

0.8%

Construction

2,700

2.6%

0.3%

Manufacturing

200

0.1%

0.0%

Trade, Transportation, and Utilities

-2,300

-0.4%

0.1%

Information

400

0.8%

0.1%

Financial Activities

1,200

0.7%

0.0%

Professional and Business Services

3,500

1.0%

0.3%

Education and Health Services

-1,000

-0.2%

0.2%

Leisure and Hospitality

-2,700

-1.1%

0.2%

Other Services

-500

-0.4%

0.1%

Government

1,000

0.2%

0.0%