State and National Employment and Unemployment

Unemployment

The unemployment rate increased to 3.5% in Minnesota in November, on a seasonally adjusted basis.

The number of unemployed increased to 107,328 workers and the number of employed increased to 2,994,656 workers. The labor force grew to 3,101,974 workers, and Minnesota's labor force participation rate ticked up to 67.8%.

The U.S. unemployment rate increased to 4.2% in November, on a seasonally adjusted basis. The national labor force participation rate declined to 62.5%.

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Monthly Employment

Minnesota’s monthly job growth was positive in November as the state added 2,500 jobs, or 0.1%.

Four of eleven published supersectors posted positive growth. Construction added 2,800 jobs, Educational and Health Services added 4,900 jobs, Other Services added 400 jobs, and Government added 800 jobs.

Six published supersectors posted decreases. Manufacturing lost 1,200 jobs; Trade, Transportation and Utilities lost 800 jobs; Information lost 400 jobs; Financial Activities lost 600 jobs; Professional and Business Services lost 1,900 jobs and Leisure and Hospitality lost 1,500 jobs.

Mining and Logging employment was flat.

U.S. total payroll employment was positive in November, adding 227,000 jobs, or 0.1%. Private sector employers added 194,000 jobs (0.1%) on a seasonally adjusted basis. Minnesota outperformed the nation in five supersectors.

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Annual Employment

Minnesota over the year (OTY) payroll employment growth stood at 33,458 or 1.1%, lower than October’s 1.2%. The private sector added 16,169 jobs, or 0.6% in November, which was slightly lower than October’s 0.7%.

U.S. total nonfarm over-the-year job growth stood at 1.4% in November, the same rate as in October. Private sector employment growth was at 1.3%, higher than October’s 1.2%.

Five of eleven published supersectors in Minnesota added jobs over the year with the rest posting job losses. Mining and Logging lost 126 jobs (1.9%); Manufacturing lost 5,603 jobs (1.7%); Trade, Transportation and Utilities lost 1,527 jobs (0.3%); Information lost 1,845 jobs (4.3%), Financial Activities lost 2,054 jobs (1.1%); and Professional and Business Services lost 15,716 jobs (4.1%).

Annual job growth in Minnesota was the highest in Education and Health Services, which added 36,727 jobs (6.3%). Construction added 1,669 jobs (1.2%), Leisure and Hospitality added 2,363 jobs (0.9%), Other Services added 2,281 jobs (2%), and Government added 17,289 jobs (3.9%).

Three supersectors showed strength over the year in Minnesota compared to the nation. Education and Health Services was up 6.3% (vs 3.7%), Other Services was up 2% (vs 1.1%) and Government was up 3.9% (vs 2.1%).

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Monthly Employment Analysis Reports

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