Minnesota unemployment rate remained 3.3% in May; 100 jobs gained
ST. PAUL — The employment rate in Minnesota remained steady in May at 3.3%, the same as the month before.
The state saw a gain of 100 jobs, according to seasonally adjusted figures released Thursday by the Minnesota Department of Employment and Economic Development. Minnesota’s unemployment rate remains below the national figure, which was 3.6% in May.
“Steady unemployment suggests that the Minnesota workforce is operating near its capacity,” DEED Commissioner Steve Grove said in a prepared statement. “The tight labor market continues to represent a major challenge to Minnesota’s job growth.”
Five of the state’s major industry sectors gained jobs during the month of May, led by the professional and business services sector, which gained 1,800 jobs. Education and health care employers added 700 workers, as did the construction industry.
Here are additional highlights:
- Manufacturing had the largest loss of 1,200 jobs, followed by leisure and hospitality which went down 1,000.
- Three major Metropolitan Statistical Areas had over-the-year growth. St. Cloud had the largest increase at 1.6% followed by Rochester at 1.1% and Mankato at 0.3%.
- Minnesota’s construction over-the-year growth is 6%, 2.5% above the United States rate of 3.5%.
- Hispanic unemployment went down 0.9% to 4.5%. That is 0.1% higher than it was in May 2018.
- White unemployment remained at 2.7%. Black employment when up 0.2% to 6.5%.