Greater St. Cloud MSA Leads State in Job Gains

Our St. Cloud MSA led the state in job gains in the past 12 months!

For Immediate Release
July 21, 2016

 

Contact: Monte Hanson, 651-259-7149
monte.hanson@state.mn.us

Steve Hine, 651-259-7396
steve.hine@state.mn.us

State Gains 7,300 Jobs in June
~Overall unemployment rate steady at 3.8 percent~

 

ST. PAUL – Minnesota employers added 7,300 jobs in June, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development (DEED).

Those gains, however, were largely offset by figures from May that were revised from 1,900 jobs lost to 8,400 jobs lost.

Over the past 12 months, the state has added 34,246 jobs, a gain of 1.2 percent. U.S. jobs were up 1.8 percent during that period.

The state’s seasonally adjusted unemployment rate in June was 3.8 percent for the fourth consecutive month. The U.S. unemployment rate in June was 4.9 percent.

“Minnesota added 13,700 jobs through the first six months of the year, and signs point to continued growth in the labor market,” said DEED Commissioner Shawntera Hardy.

Eight of the state’s 11 major industrial sectors gained jobs in June, led by leisure and hospitality with 2,600 new jobs. Others sectors that added jobs were education and health services (up 2,200), government (up 1,500), construction (up 1,300), other services (up 1,200), financial activities (up 700), information (up 500) and manufacturing (up 200).

The following industries lost jobs in June: trade, transportation and utilities (down 2,300), professional and business services (down 400), and logging and mining (down 200).

Over the past year, education and health services added 23,105 jobs. Other industries gaining jobs in the previous 12 months were leisure and hospitality (up 4,796), construction (up 4,684), financial activities (up 1,918), trade, transportation and utilities (up 1,571), professional and business services (up 1,328) and government (up 987).

Industries losing jobs in the past year were logging and mining (down 1,475), information (down 1,225), other services (down 1,174) and manufacturing (down 269).

In the Metropolitan Statistical Areas, the following regions gained jobs in the past 12 months: Minneapolis-St. Paul MSA (up 1.6 percent), Rochester MSA (up 1.8 percent), St. Cloud MSA (up 2.9 percent) and Mankato MSA (up 2.4 percent). The Duluth-Superior MSA was down 0.2 percent.

DEED has added a section to its website that examines the unemployment rate by demographics (race, age and gender) and looks at alternative measures of unemployment. Go here for details.

DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and our services, visit the DEED website or follow DEED on Twitter

 

Upon request, the information in this news release can be made available in alternative
formats for people with disabilities by contacting the DEED Communications Office at 651-259-7161.


Minnesota Department of Employment and Economic Development
Communications Office
Phone 651-259-7149 or 1-800-657-3858 ∙ TTY 1-800-657-3973
http://mn.gov/deed
An equal opportunity employer and service provider.

Additional information and data can be found at  https://mn.gov/deed/newscenter/press-releases/
  

Posted on July 27, 2016 .