Unemployment Insurance Claims

Initial unemployment insurance claims were down in this month as July’s total of 15,328 is nearly 2,000 lower than June’s 17,252 claims. This represents a monthly decline of 11.2 percent. Initial claims were also down sharply on a yearly basis, 17.3 percent lower than in July of 2013. Claims were down in every major industry group, with notable declines in Manufacturing (down 982, or 29.8 percent), Administrative and Waste Services (down 320, 17.8 percent), Wholesale Trade (141, 19.6 percent) and Construction (495, 17.1 percent). The smallest proportional and numerical annual decline was in Retail Trade, which showed only a 0.2 percent drop. Encouragingly, initial claims were also down across a range of demographics, declining or holding steady among every education level, age group, gender, race and ethnicity published.

Graph: Minnesota UI Change in Initial Claims

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Seasonally Adjusted Data (Excel)