MN Department of Employment & Economic Development (Mn Deed) reports the unemployment rate remains unchanged for June 2012 at 5.6%. This is well below the national unemployment rate of 8.2%.
Minnesota added 7,200 jobs in June. This broke a 3 month trend of job losses. MN is currently at a 1.3% growth rate, same as the national average.
Job gains last month were led by professional and business services, which added 5,100 positions. Other job gains occurred in government (up 4,400), manufacturing (up 1,100), information (up 1,100), financial activities (up 400) and other services (up 100). Logging and mining was unchanged.
Sectors that lost jobs in June were leisure and hospitality (down 2,300), education and health services (down 1,300), construction (down 1,100), and trade, transportation and utilities (down 300).
I will follow up with the unemployment rates for the Twin Cities area soon. I am not a big fan of just the unemployment rate, ideally I like to see the employment to population figures or at least number of jobs.