Nov. 19 - Minnesota Employers Add 2,200 Jobs in October
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Communications Office · 651/259-7161 or 1-800-657-3858 TTY 1-800-657-3973
Fax 651/215-3841 · www.PositivelyMinnesota.com
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Date: November 19, 2009
For Immediate Release
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Minnesota Employers Add 2,200 Jobs in October
~ Unemployment rate edges up to 7.6 percent ~
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ST. PAUL –Minnesota employers added 2,200 jobs in October, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).
The state’s unemployment rate climbed 0.2 percent from the previous month to a seasonally adjusted 7.6 percent. The U.S. unemployment rate in October was 10.2 percent.
“A gain in jobs combined with an uptick in the unemployment rate are consistent with what economists often expect at the turning point of a recession,” said DEED Commissioner Dan McElroy. “October’s job growth in six of the industry sectors is a positive sign, and the widening gap between the state’s and nation’s unemployment rates is also noteworthy.”
Professional and business services gained the most jobs during the month, adding 5,500 positions, followed by education and health services (up 3,700), leisure and hospitality (up 1,700), government (up 1,600), information (up 300) and financial activities (up 200). Logging and mining was flat for the month.
More than half of the gains in professional and business services were in the component that comprises temporary help, up 3,200. August and September also showed solid growth in this category, up 2,100 and 1,300, respectively.
“Employment growth in temporary help is a leading indicator of an economic recovery, and we are hoping that this three-month trend continues,” McElroy said.
Job losses occurred in trade, transportation and utilities (down 4,900), manufacturing (down 4,500), construction (down 1,200) and other services (down 300).
Over the past year, education and health services added 11,700 jobs.
Job losses occurred over the past 12 months in manufacturing (down 41,300), professional and business services (down 25,400), trade, transportation and utilities (down 22,700), construction (down 13,700), leisure and hospitality (down 8,500), other services (down 2,800), information (down 2,500), government (down 2,300), financial activities (down 1,700), and logging and mining (down 1,300).
In the state’s Metropolitan Statistical Areas, over-the-year job losses occurred in the Duluth-Superior MSA (down 4.1 percent), Minneapolis-St. Paul MSA (down 3.6 percent), Rochester MSA (down 1.3 percent) and St. Cloud MSA (down 3.4 percent).
Additional information on the October employment figures is available at www.PositivelyMinnesota.com.
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Unemployment Rate
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Seasonally adjusted
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Oct 2009
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Sept 2009
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Minnesota
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7.6%
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7.4%
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U.S.
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10.2%
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9.8%
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Employment
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Seasonally adjusted
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Not seasonally adjusted (NSA)
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Oct 2009
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Sept 2009
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Oct '08- Oct '09
Level Change
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Oct '08- Oct '09
Percent Change
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Minnesota
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2,645,200
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2,643,000
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-100,500
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-4.0%
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U.S.
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130,848,000
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131,038,000
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-5,452,000
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-4.0%
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Over The Year( OTY) Employment Growth By Industry Sector
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OTY
Job
Change
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OTY
Growth Rate
(%, NSA)
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US OTY
Growth Rate
(%, NSA)
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Total NonFarm Employment
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-100,500
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-4.0
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-4.0
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Logging & Mining
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-1,300
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-20.1
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-12.0
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Construction
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-13,700
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-11.8
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-14.9
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Manufacturing
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-41,300
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-12.3
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-11.2
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Trade, Trans & Utilities
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-22,700
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-4.3
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-4.4
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Information
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-2,500
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-4.3
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-4.9
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Financial Activities
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-1,700
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-1.0
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-4.7
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Prof & Business Services
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-25,400
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-7.7
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-5.2
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Ed & Health Services
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11,700
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2.6
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2.0
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Leisure & Hospitality
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-8,500
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-3.4
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-2.0
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Other Services
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-2,800
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-2.4
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-2.8
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Government
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-2,300
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-0.5
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-0.4
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Over The Year Employment Change By Metropolitan Statistical Area (MSA)
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Metropolitan Statistical Area
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OTY Employment Change
(#, NSA)
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OTY Employment Change
(%, NSA)
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Minneapolis-St. Paul MN-WI MSA
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-63,900
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-3.6
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Duluth-Superior MN-WI MSA
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-5,500
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-4.1
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Rochester MSA
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-1,400
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-1.3
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St. Cloud MSA
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-3,500
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-3.4
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Mankato-North Mankato MSA
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Data available in 2010
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All labor force data are subject to revision. The unemployment rate is the percentage of people actively seeking work compared with those in the labor force (employed plus unemployed).
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Legend: NSA = Not Seasonally Adjusted; OTY = Over The Year; MSA = Metropolitan Statistical Area
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Release Dates for 2009
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Reference Month
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DEED Release Date
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January >
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February 26, 2009
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February >
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March 19, 2009
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March >
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April 16, 2009
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April >
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May 21, 2009
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May >
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June 18, 2009
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June >
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July 16, 2009
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July >
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August 20, 2009
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August >
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September 17, 2009
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September >
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October 15, 2009
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October >
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November 19, 2009
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November >
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December 17, 2009
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December >
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January 21, 2010
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Upon request, the information in this news release is available in an alternative format
such as Braille, large print, audiotape, or computer disk.