Officials: Unemployment Is The Lowest It's Been Since May 2001
MINNEAPOLIS (WCCO) – State officials say Minnesota employers added more than 6,000 jobs last month and that the state's unemployment rate is now the lowest it's been in more than a decade.
The Department of Employment and Economic Development released a report Thursday showing that employers in the state added 6,600 jobs in November. This marks the fourth consecutive month Minnesota has seen job growth.
So far, more than 35,000 jobs have been added since July, and the unemployment rate has now fallen to 3.7 percent. (That number is seasonally adjusted. Without the adjustment, the rate would be 3.2 percent.) The national unemployment rate is at 5.8 percent.
According to DEED, the unemployment rate in Minnesota is the lowest it's been since May 2001
Over the last year, Minnesota has added more than 51,000 jobs. But while total jobs are up 1.8 percent in the state, the growth rate nationally for the year is at 2 percent.
Last month, leisure and hospitality sectors saw the most gains in jobs in Minnesota, officials said. The sectors that lost jobs were construction, trade, transportation, utilities, and information.