Minnesota unemployment rate falls to 5.2% - KMSP-TV

Minnesota unemployment rate falls to 5.2%

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Minnesota's unemployment rate dropped to 5.2 percent in June, according to the latest seasonally-adjusted figures from the Department of Employment and Economic Development.

The state has now regained 95 percent of jobs lost during the recession. State employers added 400 jobs in June; a 2,500 increase in private sector hiring was offset by a 2,100 loss in government employment.

In April and May, the jobless rate held steady at 5.3 percent, putting Minnesota's unemployment rate at a 5-year low. Over the past year, the state has added 54,100 jobs, a 2 percent growth rate. The U.S. growth rate during that period was 1.7 percent. Minnesota has consistently outperformed the national unemployment rate, which still sits at 7.6 percent.

Department officials said June's numbers indicated positive proof of a continuing economic recovery in Minnesota.

Professional and business serves added 3,600 jobs in June, leading all sectors. Other gains occurred in trade, transportation and utilities (up 1,900), leisure and hospitality, (up 1,400), logging and mining (up 200), and education and health services (up 100).

Job losses occurred in June in government (down 2,100), financial activities (down 1,200), construction (down 1,000), manufacturing (down 1,000), information (down 900) and other services (down 600).

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