Minnesota gained back 8,400 jobs in May and has now recovered over 93 percent of the jobs lost during the recession.
According to figures by the Minnesota Department of Employment and Economic Development (DEED), the state's seasonally adjusted jobless rate has held steady since last month at 5.3 percent. That's better than the U.S. unemployment rate, which stands at 7.6 percent. Over the past year, Minnesota has added 43,000 jobs – the state's 1.6 percent growth rate matches that of the U.S. during that time period.
DEED Commissioner Katie Clark Sieben said these figures indicate Minnesota is bouncing back from economic downturn.
"Every major industrial sector has added jobs in the past 12 months, and the state's unemployment rate remains at a five-year low," Sieben said.
April figures were revised from 11,400 jobs lost to 10,200 jobs lost, and Minnesota is now 10,700 jobs shy of the states pre-recession peak.
Leisure and hospitality saw the most job gains last month, followed by government, professional and business services, education and health services, other services, construction, manufacturing and financial activities. Professional and business services have led the way over the course of the year, tacking on a gain of 11,600 jobs.
Job losses occurred in trade, transportation and utilities, information and mining and logging.