Unemployment in Minnesota has fallen to its lowest level in nearly 15 years.
Minnesota employers added 7,200 jobs in the month of November, to bring the unemployment rate down 0.2 percent to a seasonally adjusted 3.5 percent, figures released by the Department of Employment and Economic Development (DEED) Thursday morning show.
"The state unemployment rate is now at its lowest level since March 2001," said DEED Commissioner Katie Clark Sieben. “While the labor market is tightening, healthy job growth in November and recent wage gains are positive signs of an expanding economy.”
Here's a look at how the unemployment rate breaks down by metro area:
Which industries did well?
Just two of Minnesota's 11 job sectors lost jobs last month: manufacturing (down 500) and other services (down 300), while the remaining sectors gained or held steady. They are:
- Construction (up 3,300).
- Government (up 1,000).
- Professional and business services (up 900).
- Leisure and hospitality (up 900).
- Trade, transportation and utilities (up 800).
- Education and health services (up 600).
- Financial activities (up 400).
- Information (up 100).
- Logging and mining (steady).
Many sectors are up when compared to last year as well, with profession and business services leading all sectors over the past year with 12,839 new jobs.
Other sectors that added jobs over the past year: education and health services (up 10,474), leisure and hospitality (up 8,106), trade, transportation and utilities (up 4,703), financial activities (up 1,652) and construction (up 1,506).
However, a few sectors have lost jobs in that time: government (down 3,398), manufacturing (down 1,393), information (down 909), logging and mining (down 894), and other services (down 556).