News Release Logo

State Gains 8,500 Jobs in June

Unemployment rate drops to 4.5 percent

July 16, 2014

Madeline Koch, 651-259-7236
Madeline.Koch@state.mn.us

ST. PAUL –
Minnesota gained 8,500 jobs in June, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).

The second straight month of strong job growth brought net job gains in Minnesota to 10,700 for the calendar year. In the past 12 months, the state has added 53,779 jobs, a 1.9 percent annual growth rate, which matches the U.S. growth rate for that period. 

The state unemployment rate fell to a seasonally adjusted 4.5 percent in June, down 0.6 percent from one year ago. The U.S. unemployment rate in June was 6.1 percent.

"Minnesota had positive employment growth in June, with more total jobs than ever before in our state’s history,” said DEED Commissioner Katie Clark Sieben. ”The unemployment rate hasn’t been this low since February 2007, while new claims for unemployment benefits dropped to their lowest level in nearly 14 years.”

Government added 3,900 jobs in June, followed by education and health services (up 3,500), trade, transportation and utilities (up 2,200), financial activities (up 600), information (up 500), professional and business services (up 300), and logging and mining (up 200).

The following sectors lost jobs: other services (down 1,400), manufacturing (down 900), leisure and hospitality (down 300), and construction (down 100).

Professional and business services led all sectors over the past year with 12,452 new jobs. Other industries adding jobs over that period were education and health services (up 11,153), manufacturing (up 8,415), construction (up 8,363), government (up 7,898), leisure and hospitality (up 4,254), trade, transportation and utilities (up 3,592), information (up 828), and logging and mining (up 564).

Financial activities (down 1,886) and other services (down 1,854) lost jobs in the past year.

In the Metropolitan Statistical Areas, the following regions gained jobs in the past 12 months: St. Cloud MSA (up 2.8 percent), Minneapolis-St. Paul MSA (up 1.8 percent), Mankato MSA (up 1.6 percent), Rochester MSA (up 0.4 percent) and Duluth-Superior MSA (up 0.3 percent).

DEED recently added a new section to its website that examines the unemployment rate by demographics (race, age and gender) and looks at alternative measures of unemployment. Select here for details.

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

June  
2014

May 
2014

June
2014

June 
2013

Minnesota  

4.5

4.6

 4.6

 5.2

U.S.  

6.1

6.3

 6.3

7.8 

Employment

June
2014

June 
2014

June ‘13-
June ‘14
Level Change

June ‘13-
June ‘14
% Change

Minnesota  

2,882,400 

2,813,900 

53,779

1.9

U.S.

 138,780,000

138,492,000 

2,566,000 

1.9

 

 

Over The Year Employment Growth By Industry Sector (NSA)

 

OTY Job Change

OTY Growth Rate (%)

U.S. OTY             Growth Rate (%)

Total Non-Farm Employment

53,779

1.9

1.9

Logging and Mining

564

7.9

5.0

Construction

8,363

7.6

3.2

Manufacturing

8,415

2.7

1.1

Trade, Trans. and Utilities

3,592

0.7

2.3

Information

828

1.6

-1.0

Financial Activities

-1,886

-1.0

0.8

Prof. and Bus. Services

12,452

3.6

3.5

Ed. and Health Services

11,153

2.3

1.9

Leisure and Hospitality

4,254

1.6

2.8

Other Services

-1,854

-1.6

0.7

Government

7,898

1.9

0.3

 

Metropolitan Statistical Area

OTY
Employment Change
(#, NSA)

OTY Employment Change
(%, NSA)

Minneapolis-St. Paul MN-WI MSA

32,286

1.8

Duluth-Superior MN -WI MSA

445

0.3

Rochester MSA

392

0.4

St. Cloud MSA

2,904

2.8

Mankato MSA

868

1.6

 

 

-30-

 

 

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.