Minnesota unemployement rate holds steady, 7,400 jobs added in October
LA CROSSE, Wis. (WKBT) — New data released Thursday shows the seasonally adjusted unemployment rate for Minnesota held at 3.2% in October. The national seasonally adjusted unemployment rate for October increased to 3.6%.
The Minnesota Department of Employment and Economic Development (DEED) found the state added 7,400 jobs during the month. September’s employment growth was revised up to 1,600 jobs, according to a press release.
Over the month, five industry sectors gained jobs.
Leisure and hospitality was up by 4,900 jobs
Trade, transportation and utilities up by 2,500 jobs
Manufacturing up by 1,300 jobs
Construction up by 800 jobs
Government up by 200 jobs
“There continues to be a high demand for workers in the state,” said DEED Commissioner Steve Grove, in a statement. “While this is good news for workers, it means we need to do more to ensure Minnesota businesses have the employees they need to thrive, and that we are helping Minnesota workers prepare for in-demand occupations.”
The sectors that lost jobs over the month include information and financial activities. Both were down by 1,000 jobs.
The state’s employment-to-population ratio increased to 68%, the highest it has been seen 2008. The state’s labor force participation rate rose a tenth of a percent to 70.3%.
Out of the Metropolitan Statistical Areas that the department noted, Rochester added the most jobs in October, by adding 1,268 jobs.
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