Minnesota’s job market held steady in June, with little change across key employment indicators.
Department of Employment and Economic Development Commissioner Matt Varilek says the state lost approximately 800 jobs last month, resulting in a slight decline, though the unemployment rate remained unchanged at 3.3 percent….
“Another area where we compare favorably is in the year-over-year job growth. Minnesota has added more than 48,000 jobs since last June, representing a 1.6% increase. US employment grew 1.1% in that time.”
More than 2,100 Minnesotans joined the labor force, continuing a strong trend of growth in 10 of the past 12 months. The labor force participation rate also held steady at 68.2 percent.
Both figures continue to outpace national averages. The U-S unemployment rate sits at 4.1 percent, with a labor force participation rate of 62.3 percent.
The county-by-county unemployment numbers for June should be released in the next week to 10 days.
(content: courtesy MNN)
