Minnesota's jobless rate inches up

Gov't says 611397 new jobs created between 2017 and 2018

That was up from 8 percent in June.

The county's 4.5% unemployment rate remained slightly higher than the 4.1% statewide average and well above the national average of 3.7%. It was 8.3 percent last July.

Five sectors in the county had neither job gains or losses, including the Farming sector. The number of people in the labor force fell by 5,000 in July to about 5.1 million; the labor force has shrunk by roughly 50,000 over the past year. Virginia is ranked fifth in the nation for the seasonally adjusted unemployment rate along with Colorado, Idaho, Massachusetts, and South Dakota.


Meanwhile, Minnesota's labor force participation rate held at 70 percent.

Of the seven sectors that lost jobs, the biggest cut happened in the leisure and hospitality sector, which had 3,000 fewer jobs.

The decline in the number of people working was the first after four months of increases that added up to almost 7,000 jobs. Both figures are well below the nation's full-year job growth rate of 1.5%. That's according to data released today (Thursday) by the Minnesota Department of Employment and Economic Development (DEED). Health care, fueled by increased health insurance coverage and an aging population, added 3,700 jobs over the three-year period, although growth slowed considerably in 2018. Government (up 400) and trade, transportation and utilities (up 200) were the other two sectors experiencing gains. That's on the high end of year-over-year job growth rates, which have hovered around 1% for the last several months.

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