ST. PAUL, Minn. (KMSP) -
Minnesota's unemployment rate ticked down a shade to 5.6 percent and remains well below the national rate of 8.1 percent, despite continuing to lose jobs in April, and at a higher number.
Labor analysts say
This decline in the rate – which is seasonally adjusted – could be due to retiring baby boomers, leaving fewer bodies in the workforce, said labor analysts.
Employers cut 3,100 jobs in April, the Department of Employment and Economic Development reported Thursday, largely in the retail, construction, hospitality and government sectors.
Just 200 jobs were lost in the state in March.
