Minnesota’s over the year job gains stood at 40,629 in August, up 1.4 percent. Minnesota’s private sector gained 40,302 jobs over the year, up 1.6 percent. Meanwhile, U.S. job gains remained at 1.7 percent over the year and 1.9 percent for the private sector in August.
Seven of the 11 major sectors added jobs over the year. Construction, up 3.9 percent, education & health care, up 4.3 percent, and leisure & hospitality, up 3.3 percent, continued setting the pace in annual job growth rates.
Manufacturing slipped back into negative growth territory in August, down 0.2 percent over the year. However, logging & mining, down 15.9 percent, and information, down 4.1 percent, continue to be the most beleaguered sectors in terms of over the year job losses.
Minnesota lost 1,500 jobs in August on a seasonally adjusted basis, down 0.1 percent over the month. Private sector employers lost 2,100 jobs, down 0.1 percent over the month.
Four of the 11 major sectors gained jobs over the month in August with Trade, Transportation and Utilities up 2,300 jobs, Education and Health Services up 700 jobs, Government up 600, and Information up 500 jobs on a seasonally adjusted basis.
Six sectors lost jobs and Mining and Logging was flat over the month. Sectors losing the most jobs included Construction down 1,900 jobs, Other Services down 1,100 jobs, Manufacturing down 1,000 jobs and Financial Activities down 700 jobs.
U.S. employment grew by 0.1 percent over the month in August.