MN unemployment rate drops to 5.2 percent

3:49 PM, Jul 18, 2013   |    comments
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ST. PAUL - The percentage of Minnesotans who are out of work dropped to a seasonally adjusted 5.2 percent in June, reaching its lowest point since May 2008.

The numbers were released according to figures released by the Minnesota Department of Employment and Economic Development (DEED) on Thursday morning.

"The Minnesota economy continues to improve, with the unemployment rate reaching a post-recessionary low point and private sector employers adding 2,500 jobs in June," said DEED Commissioner Katie Clark Sieben. "We have now recovered 95 percent of the jobs that were lost in the recession."

The U.S. unemployment rate in June was unchanged at 7.6 percent.

DEED says state employers added 400 jobs in June, after a 2,500 increase in private sector hiring was offset by a 2,100 loss in government employment. May figures were revised upward by 1,900 jobs, from 8,400 jobs gained to 10,300. Over the past year, DEED says the state has added 54,100 jobs, a growth rate of 2 percent. The U.S. growth rate during that period was 1.7 percent.

Professional and business services added 3,600 jobs last month to lead all sectors, while other gains occurred in trade, transportation and utilities (up 1,900), leisure and hospitality (up 1,400), logging and mining (up 200), and education and health services (up 100).

June job losses occurred in government (down 2,100), financial activities (down 1,200), construction (down 1,000), manufacturing (down 1,000), information (down 900) and other services (down 600).

In the state Metropolitan Statistical Areas, job growth occurred in the past 12 months in the Minneapolis-St. Paul MSA (up 2.9 percent), St. Cloud MSA (up 2.2 percent), Mankato MSA (up 0.8 percent), Rochester MSA (up 0.6 percent) and Duluth-Superior MSA (up 0.4 percent).

 

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