Minnesota jobless rate stays at 5.8%, but 8,100 jobs cut in October

State officials said this morning that Minnesota’s unemployment rate remained unchanged at a seasonally adjusted 5.8 percent in October.

The national rate is 7.9 percent.

The figures from the Minnesota Department of Employment and Economic Development noted that state employers cut 8,100 jobs statewide in October, but they also said that the September numbers have been revised upward to reflect that 11,000 jobs were gained that month.

Overall for the past year, the state has added 34,700 jobs, an increase of 1.3 percent, compared with an increase nationally of 1.4 percent, the department said.

Said new DEED Commissioner Katie Clark:

“Last month’s numbers are a reminder that the economic recovery on a month-to- month basis is at times uneven.  We’re encouraged, though, by the steady growth in many sectors, particularly construction, which has increased employment by more than 4 percent in the past year. Our labor force participation rate held steady and our unemployment rate consistently remains below the national average.”

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