MN November Unemployment Numbers

Thursday, December 18th, 2008 at 11:49 am

ST. PAUL — Minnesota’s unemployment rate reached a seasonally adjusted 6.4 percent in November, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED). The U.S. unemployment rate hit 6.7 percent in November after employers around the country shed 533,000 jobs.

Minnesota employers cut 10,500 jobs in November in response to the global economic slowdown. Minnesota has lost 1.1 percent of its jobs over the past year, compared with a decline nationally of 1.5 percent.

“ Minnesota isn’t immune to the worldwide economic problems that are forcing employers to cut costs,” said DEED Commissioner Dan McElroy. “While job losses have occurred across many sectors, Minnesota maintains year-over-year employment gains in financial activities and in education and health services.”

In November, government added 4,900 positions, primarily election judges for temporary positions at local polling stations. Natural resources and mining added 100 jobs.

Job losses were posted in November for trade, transportation and utilities (down 4,200), leisure and hospitality (down 3,600), construction (down 2,100), professional and business services (down 2,000), manufacturing (down 1,600), financial activities (down 1,000), other services (down 700), information (down 200), and education and health care (down 100).

Over the past 12 months, government added 8,300 jobs, followed by education and health services (up 6,600) and financial activities (up 2,500).

Job losses have occurred in Minnesota over the past 12 months in manufacturing (down 11,800), trade, transportation and utilities (down 10,100), professional and business services (down 9,500), construction (down 8,900), leisure and hospitality (down 4,700), other services (down 1,900), information (down 1,200), and natural resources and mining (down 100).

In the state’s Metropolitan Statistical Areas, over-the-year gains occurred in Rochester MSA (up 0.5 percent), Fargo-Moorhead MSA (up 1.2 percent) and Grand Forks MSA (up 1.2 percent). Losses were posted in the Minneapolis-St. Paul MSA (down 1.2 percent), Duluth-Superior MSA (down 1.4 percent) and St. Cloud MSA (down 1.2 percent).

In a separate survey in November by DEED and the Federal Reserve Bank of Minneapolis, state manufacturers reported increases in productivity and exports in 2008, while orders, production levels, profits, employment and investment declined. The Minnesota Manufacturing Business Conditions Survey found that manufacturers expect continued challenges in 2009.

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