St. Paul, MN (NNCNOW.com) --- Minnesota employment numbers are finally over the pre-recessionary peak that was reached back in 2008 as employers across the state add 12,200 jobs in August, according to the Minnesota Department of Employment and Economic Development.
DEED officials say Minnesota has now recovered all the jobs that were lost in the recession, eclipsing the February 2008 mark by 5,100 jobs. The state has added 63,100 jobs in the past year, a 2.3% growth rate that exceeds the national rate of 1.7%.
The state unemployment rate dropped 0.1% in August to a seasonally adjusted 5.1%, the lowest level since April 2008. The U.S. unemployment rate in August was 7.3%.
“August’s employment numbers mark a major milestone in the recovery of Minnesota’s economy,” said DEED Commissioner Katie Clark Sieben. “We’ve now recovered all of the jobs lost during the recession, which is one of many positive indicators pointing to continued economic growth.”
The following industrial sectors gained jobs last month: trade, transportation and utilities (up 6,000), education and health care (up 5,500), other services (up 2,300), government (up 1,900), construction (up 1,100), leisure and hospitality (up 700), and financial activities (up 100). Logging and mining held steady.
Manufacturing lost 3,400 jobs, followed by professional and business services (down 1,100) and information (down 900).
Over the past 12 months, the Duluth-Superior Metropolitan Statistical Area job growth has fallen 0.1%.
Posted to the web by Krista Burns