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Minnesota's jobless rate falls to 5.9 percent

The unemployment rate fell half a percentage point even as employers cut 13,700 jobs in November. The chief of the state's Department of Employment and Economic Development says the mixed results make it hard to draw conclusions about how the labor market is really doing but says he's "cautiously optimistic."
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The unemployment rate fell half a percentage point even as employers cut 13,700 jobs in November. The chief of the state's Department of Employment and Economic Development says the mixed results make it hard to draw conclusions about how the labor market is really doing but says he's "cautiously optimistic."

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DEED: Minnesota jobless rate climbs to 5.9 percent in August

Employers in Minnesota cut 2,000 jobs last month, according to state labor officials with the Department of Employment and Economic Development. The Star Tribune reports, the state's unemployment rate went up one-tenth of a point from July to 5.9 percent. The national jobless figure was 8.1 percent in August.

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The state's unemployment rate fell half a percentage point in October, despite employers shedding jobs. “Minnesota’s unemployment rate is at its lowest level since the U.S. financial crisis in November 2008,” said DEED Commissioner Mark Phillips in a news release.

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But "the underlying fundamentals of the economy remain strong," said the chief of the state's employment department. The trade, transportation and utility industries were the biggest job gainers in March, while government, manufacturing and construction led the losses.

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The state jobless rate remained unchanged at 5.6 percent even as Minnesota employers shed 900 jobs in May, according to the state Department of Employment and Economic Development. The U.S. unemployment rate was 8.2 percent last month.