Minnesota’s unemployment rate has dropped to 3.1 percent, the lowest it has been in 17 years.
Minnesota’s unemployment rate has dropped to 3.1 percent, the lowest it has been in 17 years. The unemployment rate is below the national average of 4.1 percent, and is the ninth lowest among the United States.
Currently, there are less than 100,000 people unemployed, at 96,674, and March of 2001 was the last time the state saw its number that low. Unemployment in Minnesota has been at or below four percent for 41 consecutive months.
Since January of 2011, employers have added 288,100 new jobs for workers across the state. Minnesota now has 2.95 million jobs, which has increased 11 percent (to 2.66 million jobs).
Agencies adding jobs in November were:
• Trade, transportation and utilities added 2,300 jobs.
• Construction firms added 1,800 jobs.
• Professional and business services added 1,800 jobs.
• Financial activities jobs increased by 500.
• Education and health services employers added 500 jobs.
• Logging and mining jobs increased by 100.
Industries that cut opportunities were:
• Leisure and hospitality employers cut 7,500 jobs.
• Manufacturers cut 700 jobs.
• Information sector jobs decreased by 700.
• Governments cut 600 jobs.
• Other services employers were down 1,500 jobs.
According to a recent survey from Minnesota Public Radio (MPR), it was found that nearly 60 percent of Minnesotans believe that state government is providing a good value for their tax dollars. The same survey found that more than 80 percent of Minnesotans are optimistic about the state’s future.
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