August job gains mean Minnesota unemployment rate falls to 4.3%

Minnesota employers added 6,100 jobs in August and the state’s unemployment rate fell to 4.3 percent, the lowest level in nearly eight years.

State officials said that so far in 2014, job gains are at 13,200; over the past 12 months Minnesota has added 56,311 jobs, a 2 percent growth rate compared with a U.S. growth rate of 1.8 percent.

Katie Sieben Clark, the commissioner of the Department of Employment and Economic Development, crowed about today’s report:

“Our state has added nearly 203,000 jobs since hitting the low point of the recession in September 2009. The August employment figures are great news and a reflection of Minnesota’s healthy and growing economy.”

Construction and professional and business services were the strongest sectors in August, each adding 2,500 jobs, officials said.

Biggest losers in August were: financial activities (down 800) and leisure and hospitality (down 600).

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