Minnesota’s Unemployment Going Down Slowly
In the latest reports issued by the Department of Employment and Economic Development, data showed that Minnesota’s unemployment rate is continuing its downward trend.
The Department of Employment and Economic Development announced Thursday that the state had a 5.2 percent jobless rate in June. That’s a tenth of a percent lower from where it was in May.
The department tells the Associated Press that Minnesota employers added 400 jobs in June. In actuality, 2,500jobs were added in the private sector which was offset by a 2,100-job loss in government employment.
The state has added 54,100 jobs in the last year, for a growth rate of 2 percent. The U.S. growth rate during that time was 1.7 percent.
Minnesota’s economy has consistently outperformed that of the U.S., which in May had a 7.6 percent unemployment rate. Minnesota has now regained 95 percent of the jobs lost during the recession.