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Business North - The Daily Briefing - Business Newspaper Online
Minnesota's jobless rate inches higher

3/5/2013
 

Minnesota employers added 12,100 jobs in January but reported a higher jobless rate, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).

The state's unemployment rate climbed to a seasonally adjusted 5.6 percent in January from a revised 5.4 percent in December. A rate for the Duluth-Superior MSA was not immediately available. Wisconsin will release its labor market report later Tuesday. The U.S. unemployment rate in January was 7.9 percent.

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January's job gains combined with the revised federal figures mean the state has recovered nearly 90 percent of the 160,000 jobs that were lost during the Great Recession, with 50,000 jobs added during the past year, DEED said in a news release.

"The Minnesota labor market is staging a robust comeback, with all 11 industrial sectors showing year-over-year growth rates for the first time since 2000," said DEED Commissioner Katie Clark Sieben. "At the current pace of job growth, we soon will have recovered all the jobs that were lost in the recession."

Minnesota's job growth is outpacing national growth in seven of the 11 industry sectors.

Trade, transportation and utilities led all sectors in January, adding 4,100 jobs. Other gains occurred in construction (up 2,600), leisure and hospitality (up 1,700), government (up 900), other services (up 900), education and health care (up 700), manufacturing (up 600), information (up 400), professional and business services (up 200), and logging and mining (up 100).

Financial activities was the only sector that lost jobs in January, down 100.

During the past year, trade, transportation and utilities led all sectors with 13,300 new jobs. Other job gains occurred in education and health services (up 11,700), government (up 5,200), professional and business services (up 5,100), manufacturing (up 3,400), leisure and hospitality (up 2,800), construction (up 2,700), information (up 2,200), financial activities (up 2,100), other services (up 1,100), and logging and mining (up 200).

Previous Daily Briefing Articles:
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  • Ojard announces retirement - 5/23/2013
  • Man dies in Superior industrial accident - 5/22/2013
  • Radisson plans June 6 reopening - 5/22/2013
  • Ground broken for new Superior SuperOne store - 5/21/2013

 

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