Minnesota jobless rate stays steady in July - KTTC Rochester, Austin, Mason City News, Weather and Sports

Minnesota jobless rate stays steady in July

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ST. PAUL, Minn. (AP) -- Despite the fact that July is the height of vacation season, statistics released by the Minnesota Department of Employment and Economic Development (DEED) show state employers added 4,300 jobs in July.

Those additions put the seasonally adjusted unemployment rate for the state at 5.2 percent, well below the U.S. jobless rate of 7.4 percent. June's figures were revised from 400 jobs gained to 1,000 jobs lost.

"On an annual basis, the Minnesota labor market is recovering at a pace we haven't seen since the expansion of the 1990s," said DEED Commissioner Katie Clark Sieben. "We're edging closer to pre-recessionary employment levels, needing to add just 5,500 jobs to regain all the jobs that were lost in the recession."

DEED says the state has now gained 71,500 jobs over the past year, a growth rate of 2.6 percent, compared with a U.S. growth rate of 1.7 percent.

Government led all sectors in July by adding 4,000 jobs, followed by financial activities (up 2,300), leisure and hospitality (up 1,400), other services (up 1,300), information (up 1,100), and professional and business services (up 100). Logging and mining held steady.

Job losses occurred in education and health care (down 2,600), construction (down 1,700), manufacturing (down 1,400), and trade, transportation and utilities (down 200).

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