MN unemployment dips after addition of 10K jobs

1:27 PM, Dec 20, 2012   |    comments
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ST. PAUL - New figures released Thursday by the Minnesota Department of Employment and Economic Development (DEED) indicate that employers across the state added 10,800 jobs in November.

DEED also says job figures from October were revised from 8,100 jobs lost to 4,800 jobs lost. The latest jobs report indicates that the state has gained 55,200 jobs in the past year, a growth rate of 2.1 percent, compared with a national job growth rate of 1.4 percent over the same period.

Those numbers drop the Minnesota unemployment rate to a seasonally adjusted 5.7 percent in November, down 0.2 percent from the revised rate of 5.9 percent in October.

"The Minnesota labor market continues to make progress, having recovered more than 100,000 jobs since September 2009," said DEED Commissioner Katie Clark Sieben. "The state has regained jobs at a pace well ahead of the nation during that period."

Trade, transportation and utilities led all job sectors with 5,200 hires in November. Other gains occurred in the job areas of education and health services (up 3,800), leisure and hospitality (up 3,200), other services (up 1,500), construction (up 1,300) and manufacturing (up 800).

Job losses occurred in the sectors of professional and business services (down 1,900), information (down 1,300), government (down 1,300), financial activities (down 400), and mining and logging (down 100).

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