Minnesota job growth reaches 12 consecutive months

(ABC 6 News) – The Minnesota Department of Employment and Economic Development (DEED) released job numbers for September and the data shows a 0.1% increase making it 12 consecutive months of job growth in Minnesota.

DEED says Minnesota gained 4,200 jobs in September which follows the addition of 1,200 jobs in August. The U.S. gained 578,000 jobs in September, up 0.4% from August.

Minnesota’s private sector gained 8,500 jobs in September, up 0.3%, with Government losing 4,300 jobs, down 1%. The U.S. added 563,000 private sector jobs in September, up 0.4% on a seasonally adjusted basis.

Job gains in Minnesota were in Education and Health Services up 3,200 jobs or 0.6%, Professional & Business Services were up 1,600 jobs or 0.4%, Leisure & Hospitality up 1,400 jobs or 0.6%, Manufacturing up 1,100 jobs or 0.3%, and Construction up 900 jobs or 0.7%.

Besides Government, other job losses in Minnesota were Financial down 900 jobs or 0.5%, “Other Services” down 700 jobs or 0.6%, Information down 600 jobs or 1.4%, and Mining & Logging had no change from August.

Minnesota employment has grown 2.4% since the beginning of 2022 compared to the U.S. which has grown 2.2%.

Meanwhile, Minnesota’s unemployment rate remains at a historically low 2%, one-tenth of a point higher than August and 1.5 points better than the national rate of 3.5%. In addition, Minnesota’s labor force participation rate ticked town one-tenth of a point to 68.1%, compared to the national rate of 62.3%.

Minnesota Governor Tim Walz responded to the numbers by saying, “Minnesota continues to be a national leader in economic recovery and expansion. In Minnesota, we value our workforce and the next generation of employees. We will continue to grow, diversify, and support our state’s economy amid global economic uncertainty.”  

For more information on the Minnesota September jobs report from DEED, CLICK HERE.