State and National Employment and Unemployment

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Unemployment

Minnesota’s unemployment rate held steady at 3.7 percent for the fifth consecutive month in March on a seasonally adjusted basis.

The labor force participation rate rose again, up three-tenths of a percentage point to 71.2 percent with 12,000 people entering the labor force. This is the highest labor force participation rate since September 2010.

The national unemployment rate rose one-tenth of one percentage point to 5.0 percent in March.


Unemployment Rates

March
2016

February
2016

March
2015

Minnesota

Seasonally Adjusted

3.7%

3.7%

3.6%

Not Seasonally Adjusted

4.6%

4.4%

4.4%

United States

Seasonally Adjusted

5.0%

4.9%

5.5%

Not Seasonally Adjusted

5.1%

5.2%

5.6%


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Annual Employment

Annual job gains in Minnesota slipped to 1.3 percent with the addition of 35,940 jobs over-the-year in March. The private sector gained 34,668 jobs, up 1.5 percent over the year.

U.S. employment grew 2.0 percent over the year in March with the private sector up 2.3 percent.

Nine major sectors added jobs over the year including Education & Health Care, up 16,800 jobs, Construction, up 5,276, Trade, Transportation & Utilities, up 4,685 jobs, and Leisure & Hospitality, up 4,414 jobs over the year.

Only Logging & Mining, down 1,391, and Information, down 1,122 jobs, lost jobs over the year.

Minnesota now exceeds U.S. growth rates in five major sectors; Construction, Manufacturing, Financial Activities, Education & Health Services and Other Services.


Line graph: Nonfarm Employment Growth


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Monthly Employment

Minnesota lost 2,900 jobs over the month in March on a seasonally adjusted basis. The private sector lost 2,100 jobs while Government lost 800.

Five sectors added jobs over the month; Mining & Logging, Manufacturing, Trade, Transportation & Utilities, Financial Activities, and Professional & Business Services. The other six sectors lost jobs.

National job growth was 0.1 percent on a seasonally adjusted basis in March.


Minnesota Nonfarm Employment

March - Seasonally Adjusted

Minnesota

U.S.

Number of Jobs
Gained or Lost

Percent
Change

Percent
Change

Total Nonfarm Employment

-2,900

-0.1%

0.1%

Total Private

-2,100

-0.1%

0.2%

Mining and Logging

300

5.2%

-1.6%

Construction

-1,600

-1.3%

0.6%

Manufacturing

1,000

0.3%

-0.2%

Trade, Transportation, and Utilities

700

0.1%

0.2%

Information

-300

-0.6%

0.0%

Financial Activities

400

0.2%

0.2%

Professional and Business Services

1,500

0.4%

0.2%

Educational and Health Services

-1,700

-0.3%

0.2%

Leisure and Hospitality

-1,400

-0.5%

0.3%

Other Services

-1,000

-0.9%

0.1%

Government

-800

-0.2%

0.1%



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