Minnesota Jobs Total Surpasses 3 Million For the First Time
St. Paul, MN (KROC-AM News) - Minnesota’s seasonally adjusted unemployment rate moved higher last month even though the number of jobs throughout the state hit a new all-time high.
The latest jobs report from the Minnesota Department of Employment and Economic Development shows the state saw a net gain of approximately 7,000 jobs in October. That boosted the overall number of jobs in the state to just over 3 million, marking the first time the jobs estimate has surpassed 3 million.
Over the past 12 months, Minnesota has seen a net gain of more than 42,200 jobs for a job growth rate of 1.4%.
Despite a third consecutive month of job gains, Minnesota's jobless rate rose a tenth of a percentage point to 3.2% last month. While that was better than the national rate of 3.9%, it was up from a year ago when the state’s unemployment rate stood at 3%.
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Gallery Credit: Tony Hart