Minnesota Unemployment rate nudged up to 5.9% for July 2012 according to Minnesota Department of Employment and Economic Development.
Minnesota employers added 6,800 jobs in July, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).
The agency said the unemployment rate climbed 0.2 percent from June to a seasonally adjusted 5.8 percent, staying well below the U.S. rate of 8.3 percent.
Last month’s job growth combined with job gains in June – revised downward to 4,200 new jobs – means the state has added 11,000 jobs in the past two months. That compares with a net gain of 200 jobs from February to May.
A better measure of the employment situation is the Employment to Population Ratio. The chart below goes back to January 1980 and runs up to July 2012. Judging by this we have a ways to go. It looks like we should be closer to the 70.
For more data see MN Deed