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Minnesota unemployment rate drops to 3.8 percent

The monthly report shows the state lost 5,700 jobs, but the seasonal adjustment puts the jobless rate at 3.8 percent, compared to the national rate of 5.1 percent.

Even though Minnesota lost 5,700 jobs in September, the economic calculations say that the state’s unemployment rate actually dropped a bit, to 3.8 percent.

The national jobless rate is 5.1 percent.

Today’s report, from the Department of Employment and Economic Development, says that last month’s job gains were adjusted downward, from 7,300 jobs gained to 6,000 jobs gained.

DEED Commissioner Katie Clark Sieben said: “Despite last month’s job losses, six of the state’s major employment sectors are up from a year ago.”

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In the past year, the reports says, Minnesota has added 35,242 jobs; that’s a 1.2 percent growth rate compared with a national growth rate of 1.9 percent during that period.

Bright spots last month were:

  • Leisure and hospitality (up 2,400)
  • Professional and business services (up 1,800)

But categories losing jobs for the month were:

  • Other services (down 2,500)
  • Education and health services (down 2,200)
  • Trade, transportation and utilities (down 1,900)
  • Construction (down 1,700)
  • Financial activities (down 600)
  • Information (down 500)
  • Government (down 300)
  • Manufacturing (down 100)
  • Logging and mining (down 100)