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State Unemployment Rate Drops to 4.6 Percent

Employers cut 800 jobs in November

December 19, 2013

Contact: Blake Chaffee, 651-259-7161
Blake.Chaffee@state.mn.us


ST. PAUL –
The Minnesota unemployment rate fell 0.2 percent in November to a seasonally adjusted 4.6 percent, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED). The U.S. unemployment rate was 7 percent in November.

Minnesota employers shed 800 jobs in November, although that loss was offset by October figures that were revised upward by an additional 1,000 jobs. Private sector employment in Minnesota climbed by 2,400 in November and was revised upward by another 2,300 jobs from October.

Minnesota has gained 39,800 jobs over the past year, a growth rate of 1.4 percent, compared with a U.S. growth rate of 1.7 percent.

“The labor market continues to show steady improvement, with the number of unemployed Minnesotans now below pre-recessionary levels,” said DEED Commissioner Katie Clark Sieben. “The state economy is growing and outperforming the rest of the country in many key categories.”

Information led all sectors in November, gaining 1,300 jobs. Other gains occurred in financial activities (up 1,200), other services (up 1,100), manufacturing (up 400), construction (up 400), and leisure and hospitality (up 100). Logging and mining was unchanged.

Job losses occurred in government (down 3,200), professional and business services (down 1,600), trade, transportation and utilities (down 300), and education and health services (down 200).

Nine of the state’s 11 industrial sectors have gained jobs year over year, led by education and health services (up 11,100). Other gains occurred in trade, transportation and utilities (up 10,400), leisure and hospitality (up 7,600), construction (up 4,200), professional and business services (up 3,700), financial activities (up 2,400), information (up 1,900), other services (up 600), and logging and mining (up 500).

Job losses occurred in the past year in government (down 1,700) and manufacturing (down 800).

In the state Metropolitan Statistical Areas, job gains occurred in the past 12 months in the Minneapolis-St. Paul MSA (up 1.8 percent), St. Cloud MSA (up 1.7 percent), Duluth-Superior MSA (up 1.2 percent), Mankato MSA (up 0.7 percent) and Rochester MSA (up 0.4 percent).

DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and our services, visit us at http://mn.gov/deed/ . Follow us on Twitter at twitter.com/mndeed .

 

 



Seasonally adjusted

 

Not seasonally adjusted

 

Unemployment Rate

November
2013

October
2013

November
2013

November
2012

Minnesota 

4.6

4.8

 4.1

4.9 

U.S. 

7.0

7.3

 6.6

7.4 

Employment

November
2013

October 
2013

Nov. ‘12-
Nov. ‘13
Level Change

Nov. ‘12-
Nov. ‘13
% Change

Minnesota

2,786,500 

2,787,300 

39,800 

1.4

U.S.

136,765,000 

136,562,000 

 2,306,000

1.7

 

Over The Year Employment Growth By Industry Sector (NSA)

 

OTY Job Change

OTY Growth Rate (%)

U.S. OTY             Growth Rate (%)

Total Non-Farm Employment

39,800

1.4

1.7

Logging and Mining

500

7.0

 3.6

Construction

4,200

4.2

 3.0

Manufacturing

-800

-0.2

 0.7

Trade, Trans. and Utilities

10,400

2.0

 2.0

Information

1,900

3.5

 0.0

Financial Activities

2,400

1.4

1.0 

Prof. and Bus. Services

3,700

1.1

 3.4

Ed. and Health Services

11,100

2.3

1.8 

Leisure and Hospitality

7,600

3.2

 3.0

Other Services

600

0.5

0.7 

Government

-1,700

-0.4

-0.1 

 

 

Metropolitan Statistical Area

OTY
Employment Change
(#, NSA)

OTY Employment Change
(%, NSA)

Minneapolis-St. Paul MN-WI MSA

32,800

1.8

Duluth-Superior MN-WI MSA

1,600

1.2

Rochester MSA

500

0.4

St. Cloud MSA

1,700

1.7

Mankato MSA

400

0.7

 

 

 

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Upon request, this information can be made available in alternate formats for people with disabilities by contacting the DEED Communications Office at 651-259-7161.