(KNSI) – Minnesota lost jobs in June.
The state’s Department of Employment and Economic Development says payrolls slipped by 800 last month, but the unemployment rate remained unchanged at 3.3%. The labor force participation rate was also stuck in neutral at 68.2%. Both numbers are significantly better than the national average.
DEED Commissioner Matt Varilek is still optimistic. He says, “Minnesota’s labor market is in a favorable spot, with low unemployment and a growing labor force.” Varilek adds, “Despite the disruptions we’re seeing nationally, Minnesota employers continue to hire and workers are entering the labor force looking for jobs.”
The best-performing supersectors in June were construction, trade, transportation, and utilities, as well as information. Manufacturing and leisure and hospitality saw the deepest workforce cuts.
DEED tracks job market performance by metro region on a non-seasonally adjusted basis. St. Cloud is the worst performer in the state, with just 49 positions added in the last year, resulting in a growth rate barely above zero. Rochester was best at 6,119 jobs, or 4.7%. Mankato jumped by 2.5% and East Grand Forks was at 2%.
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