Skip to main content

Milestone: Minnesota has regained 150K jobs lost during Recession

  • Author:
  • Updated:

Minnesota's economy reached a landmark with the announcement Thursday that the state has now recovered more than 150,000 jobs since the recession started – the number of jobs lost during that economic downturn that began in 2008.

Minnesota added 12,200 jobs in August, the Minnesota Department of Employment and Economic Development announced on Thursday, putting the state over the 150,000 milestone.

The agency had more good news: Minnesota has added 63,100 jobs in the past year, a 2.3 percent growth rate that exceeds the national rate of 1.7 percent.

Some perspective: Minnesota has a bigger population and labor force than it did in February 2008, the Associated Press notes. Another key number to consider: 153,000 people are still officially unemployed in the state.

"We're still not back at the point where we can say the economy is fully recovered," Steve Hine, the research director at the Department of Employment and Economic Development's Labor Information Office, told the AP.

Minnesota's jobless rate dipped a scant 0.1 percent in August to a seasonally adjusted 5.1 percent, the lowest it has been since April 2008. That compares to a U.S. unemployment rate of 7.3 percent in August. The nation added 169,000 jobs in August.

The state lists job sectors with growth data for each, noting that trade, transportation and utilities led all sectors in the past year, adding 18,300 jobs. One sector lost jobs in the last year: (down 5,100).

Some other over-the-year gains, by sector:

Education and health services (up 13,100)

Professional and business services (up 10,200)

Leisure and hospitality (up 9,400)

Government (up 9,000)

Construction (up 2,700)

Financial activities (up 1,900)

Logging and mining (up 400)

Even as the economy shows signs of improvement and poverty levels off,

New U.S. census data suggest that nationwide, economic gains are uneven, despite improvement in some segments of the economy and the leveling off of poverty, the Associated Press reports.

Some segments of the population are not seeing an economic turnaround, such as single-mother families, whose poverty rate is increasing, the AP reports.

Next Up


Ringo Starr's late cancellation of MN show was because he has COVID-19

The Beatles drummer was due to perform in Minnesota Sunday.

Screen Shot 2022-10-03 at 4.32.58 PM

Fire destroys cafe, two other business properties in downtown Fairfax

A former pizza joint was also destroyed, while two other properties were damaged.

Hennepin County Medical Center, HCMC

Woman dies from injuries in crash that killed her husband, another man

The couple in their 80s died in the collision near Lake Lillian.

CPAP masks

2 Park Nicollet employees convicted of embezzling $500,000

The pair worked at a CPAP clinic in St. Louis Park.


No Jingle Ball this year? Twin Cities left off iHeartRadio holiday tour

The annual touring event usually visits the Xcel Energy Center.

Target store

Target gives first look at some of its Deal Days discounts

The Minneapolis retailer is holding its Deal Days event earlier than ever, in an attempt to drive sales after a turbulent year.

Screen Shot 2022-10-03 at 11.03.12 AM

Man dies after crashing truck into western Wisconsin lake

The victim was unable to make it to shore despite being able to get out of his truck.

ATV, all-terrain vehicle

Sheriff: Man who didn't return to campsite died in ATV crash

It happened at the Foothills State Forest and Spider Lake ATV Recreation Area

Richard Liu, aka Liu Qiangdong

Chinese billionaire settles lawsuit over alleged rape in Minneapolis

The tech billionaire was accused of sexually assaulting a University of Minnesota student in 2018.

US Navy Flickr - COVID hospital PPE nurse

Frontline worker payments: Over a million Minnesotans to get $487.45

Gov. Tim Walz says the payments will start going out on Wednesday.


Ed Sheeran to bring North America stadium tour to Minneapolis

It's the second show announced for the Vikings stadium in 2023.