Unemployment rate moves up slightly in August

MN Loses 6,600 Jobs in August Unemployment Rate Rises to 3.8 Percent

MN Loses 6,600 Jobs in August Unemployment Rate Rises to 3.8 Percent

The report showed that the state lost 6600 jobs during the month but over the past year Minnesota has seen a 1.7 percent gain.

From August 2016 through August 2017, 11 of the state's 13 industry sectors added jobs.

Republican Gov. Chris Christie had touted the declining rate and argued that shows his administration's policies have worked.

Minnesota's unemployment rate nudged up to a seasonally adjusted 3.8 percent in August as employers cut jobs, although it remains significantly better than the nation's 4.4 percent rate.

The unemployment rate stands now at 4.2 percent, below the national average of 4.4 percent and down from 4.3 percent locally in July.

Читайте также: Pakistan heralds worldwide cricket return with win

The state's metro areas were paced by a 2.3 percent year-over-year increase in Twin Cities.

During August, more than 5,000 jobs were added in retail trade, construction and transportation, warehousing and utilities. Other sectors adding jobs were education and health services up 900, wholesale trade up 600, information up 500 and financial services up 100. The Mankato MSA saw a 2 percent growth in employment over the previous year, gaining over 1100 jobs.

The logging and mining sector held steady.

Note: The Bureau of Labor Statistics recently updated its "alternative measures of labor underutilization", or U-6 rate, for states to include the second quarter of 2017. The jobs numbers and jobless rate are calculated based on different surveys.

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