Minnesota gains 2,900 jobs in March
ST. PAUL—Minnesota's unemployment rate remained steady at 3.2 percent as the state's employers added 2,900 jobs in March.
The state's seasonally adjusted rate remains below the U.S. unemployment rate of 4.1 percent, according to the Minnesota Department of Employment and Economic Development. But Minnesota's job growth of 0.7 percent during the past 12 months is below the national 1.6 percent rate.
"Manufacturing has been one of the state's key economic drivers so far this year, gaining 3,100 jobs in the last two months," DEED Commissioner Shawntera Hardy said in a statement Thursday, April 19. "The sector is growing at a healthy pace during a period when employers in manufacturing and most other industries are competing in a tight labor market."
Who is hiring?
The following industry sectors added jobs in March:
- Trade, transportation and utilities employers added 1,900 jobs.
- Manufacturers added 1,500 jobs.
- Education and health services added 800 new workers.
- The information sector added 700 jobs.
- Professional and business services added 200 new workers.
- Financial activities added 100 jobs.
Who is losing jobs?
The following industries lost jobs in March:
- Construction employers cut 1,000 jobs.
- "Other" services lost 1,000 jobs.
- Logging and mining employers cut 100 jobs.
- Leisure and hospitality cut 100 jobs.
- Government bosses cut 100 jobs.
Black unemployment remains higher
March's job figures were mixed for Minnesota minorities. Although the jobless rate continued to decline for Minnesota Hispanics, it rose for the state's black workers.
- The black unemployment rate in March was 7.0 percent, an increase from 6.9 percent in February. It remains down from March 2017, when it was 8.4 percent.
- The Hispanic unemployment rate in March was 3.1 percent, a drop from 3.3 the month before and 5.7 percent a year ago.
- The white jobless rate in March was 2.8 percent, the same as February and a drop from 3.1 percent a year ago.
The state does caution, however, that small sampling sizes of minorities in the study make the figures more susceptible to errors.