According to figures released by the Minnesota Department of Employment and Economic Development(DEED), Minnesota employers eliminated 1,900 jobs in may. The sate unemployment rate remained unchanged at a seasonally adjusted 3.8 percent. The U.S. unemployment rate in May was 4.7 percent.
Over the past year Minnesota employers have added a total of 27,987 jobs for a growth rate of 1 percent. Nationally, the job growth rate in the past 12 months was 1 percent. The Twin Cities metro area added 28,352 jobs for a 1.5 percent increase in the past 12 months.
“Despite the decline in May. the state labor market remains healthy with seven of the state’s 11 major industrial sectors growing in the past year,” said DEED Commissioner Shawntera Hardy.
Year-over-year construction jobs are up 4,295 for a 3.6 percent growth rate.