Minnesota Unemployment Rate Dips to 5.2 Percent

By KBJR News 1

Minnesota Unemployment Rate Dips to 5.2 Percent

July 18, 2013 Updated Jul 18, 2013 at 11:22 AM CDT

St. Paul, MN (NNCNOW.com) --- The Minnesota unemployment rate fell to a seasonally adjusted 5.2% in June, reaching its lowest point since May 2008, according to figures released today by the Minnesota Department of Employment and Economic Development.

State employers added 400 jobs in June. A 2,500 increase in private sector hiring was offset by a 2,100 loss in government employment.

May figures were revised upward by 1,900 jobs, from 8,400 jobs gained to 10,300.

Over the past year, the state has added 54,100 jobs, a growth rate of 2%. The U.S. growth rate during that period was 1.7%.

“The Minnesota economy continues to improve, with the unemployment rate reaching a post-recessionary low point and private sector employers adding 2,500 jobs in June,” said DEED Commissioner Katie Clark Sieben. “We have now recovered 95 percent of the jobs that were lost in the recession.”

Professional and business services added 3,600 jobs last month to lead all sectors. Other gains occurred in trade, transportation and utilities (up 1,900), leisure and hospitality (up 1,400), logging and mining (up 200), and education and health services (up 100).

Job losses occurred in government (down 2,100), financial activities (down 1,200), construction (down 1,000), manufacturing (down 1,000), information (down 900) and other services (down 600).

The Duluth-Superior Metropolitan Statistical Area has also seen a 0.4% growth in jobs over the past 12 months.

More information on the local unemployment rate for the Duluth area as well as Northeastern Minnesota will be available next week.

Posted to the web by Krista Burns