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Minnesota lost 7,900 jobs in January, but unemployment rate holds steady at 3.7%

Minnesota lost 7,900 jobs in January, but the seasonally-adjusted unemployment rate remained at 3.7 percent, below the national average of 5.7 percent.

For the past year, though, the state has lagged the nation in growth.

The state Department of Employment and Economic Development reported the jobs results in its monthly report, and noted:

Over the past year, the state has gained 36,124 jobs, a 1.3 percent growth rate. The U.S. job growth rate during that period was 2.4 percent.

Losing sectors in January:

  • Trade, transportation and utilities (down 6,000 jobs)
  • Construction (down 1,700)
  • Information (down 1,400)
  • Manufacturing (down 1,100)
  • Government (down 900)
  • Other services (down 700)
  • Logging and mining (down 100)

There were some gainers for the month:

  • Professional and business services (2,200 new jobs)
  • Education and health services (up 1,500)
  • Leisure and hospitality (up 200)
  • Financial activities (up 100)

DEED has more breakdowns on state employment on its website.

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Comments (2)

  1. Submitted by joe smith on 03/10/2015 - 05:42 pm.

    Just tax the folks more… I’ve heard at Minnpost that taxing folks more increases jobs, just look at our state, they say. Why take a measly 2-3% more of a couple that makes $250,000 a yr. Hell if you took 50% more you would have zero percent unemployment. It is well known everyone works hard to give their money to the Govt. I’m sure our Governor would be all in on another tax hike. Let’s get with it Minnesota!!!!

  2. Submitted by Brian Forney on 03/11/2015 - 08:58 am.

    Loss of “Information” jobs

    I’m always struck by losses – particular significant losses – in the “Information” category given the shortage of software engineers. What job titles constitute “Information” workers to the DEED? I haven’t been able to find it.

    Brian

    P.S. I’m encouraged that the linked DEED page from this article shows all groups having year-over-year decreases in unemployment.

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