Minnesota Unemployment Numbers for January
ST. PAUL – Minnesota lost 20,700 jobs in January, according to figures released, Thursday, by the Minnesota Department of Employment and Economic Development (DEED).
The agency said the state’s unemployment rate climbed to a seasonally adjusted 7.6 percent, equal to the national rate. The state has lost nearly 75,000 jobs over the past year, while U.S. job losses totaled 3.5 million during that period.
“Companies nationwide are concerned about the slowing economy and are cutting jobs to ensure their long-term survival,” said DEED Commissioner Dan McElroy. “But even under these difficult conditions, three sectors gained jobs in the state last month.”
Education and health services added 1,400 jobs in January, followed by financial activities, which gained 800 jobs, and trade, transportation and utilities, which added 300 positions. The logging and mining, and information sectors held steady during the month.
Job losses occurred in manufacturing (down 9,600), professional and business services (down 5,900), government (down 3,900), other services (down 1,700), construction (down 1,600), and leisure and hospitality (down 500).
Over the past year, education and health services is the only sector that has added jobs in Minnesota , growing 4.1 percent or by 17,600 jobs.
Job losses have occurred in the past year in professional and business services (down 25,600), manufacturing (down 21,500), construction (down 18,600), trade, transportation and utilities (down 14,600), leisure and hospitality (down 6,800), other services (down 2,500), government (down 1,400), information (down 700), financial activities (down 600), and logging and mining (down 200).
In the state’s Metropolitan Statistical Areas, over-the-year gains occurred in the Rochester MSA (up 0.3 percent), Fargo-Moorhead MSA (up 0.8 percent) and Grand Forks MSA (up 0.3 percent). Losses were posted in the Minneapolis-St. Paul MSA (down 2.8 percent), Duluth-Superior MSA (down 1.6 percent) and St. Cloud MSA (down 0.8 percent).
DEED officials also announced the annual Bureau of Labor Statistics’ benchmark revision of data covering April 2007 through December 2008. As a result, employment estimates for 2007 in Minnesota were revised to show a gain of 500 jobs, while over-the-year employment numbers from December 2007 to December 2008 were revised from the original estimate of 55,400 jobs lost to 63,000 jobs lost. For additional information regarding the benchmark adjustment procedures, please visit www.stats.bls.gov/web/cesbmart.htm#8 .
Meanwhile, the state’s Job Vacancy Survey in the fourth quarter of 2008 showed that job vacancies dropped to 31,100, compared with 51,000 one year earlier. The number of unemployed people per job opening in the state climbed during that period from 2.5 people per job to 5.7 people per job.
Further details on the state’s employment numbers are available online at www.PositivelyMinnesota.com.