Minnesota eliminated 3,900 jobs in July, according to seasonally adjusted figures released today by the Minnesota Department of Employment and Economic Development. (DEED) According to the agency the drop was offset by an upward revision of 2,700 jobs in in June, bringing the total gains that month to 5,600 jobs.
So far this year Minnesota has had an average growth rate of 1.5 percent and has gained 43, 719 jobs. With the drop in jobs in July the seasonally adjusted unemployment rate inched up to 4 percent.
The construction industry had the second biggest drop in jobs for the month down 2,000 jobs. The biggest loser though was leisure and hospitality down 3,700 jobs. The biggest gain in jobs for July was in the government sector which added 2,700 new jobs.
For the year construction is up 724 jobs . Overall health services and education have added the most jobs this year with 14,356 jobs added.
Looking at the job numbers by Metropolitan Areas, Minneapolis-St. Paul MSA is up 2.1 percent, Duluth-Superior MSA is up 1.3 percent, Mankato MSA is up 1 percent, St. Cloud MSA is up 0.4 percent and Rochester MSA is up 0.1 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. Goherefor details.