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At 4.8%, Minnesota unemployment rate drops to pre-recession level

The seasonally adjusted rate is the same as December 2007.

State officials said Minnesota’s unemployment rate fell in October to a seasonally adjusted rate of 4.8 percent, the lowest in nearly six years and matching the pre-recession level recorded in December 2007.

The rate had been 5 percent in September, but that wasn’t calculated and reported until now because of  the federal shutdown last month.

The U.S. jobless rate for October was 7.3 percent.

In reporting the numbers, DEED Commissioner Katie Clark Sieben said: “Not only does the state have one of the lowest unemployment rates in the country, but we’re also adding jobs — an indicator of a growing economy on the right track.”

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The state said that employers cut 8,700 jobs in September and added 9,900 jobs in October for a net gain of 1,200 jobs over the two-month period. The state has added nearly 50,000 jobs over the past year, today’s report said.

The sector with the most job growth over the two months was education and health services, with 6,700 jobs added.

Biggest loser: professional and business services, down 7,300.